The Deen's List Vol.4 #234

The Deen's List^TM

A service of Deen Capital Management, Inc. (www.deencapital.com)

Vol.4 #234 Friday, November 3, 2006

Please read carefully our disclaimers at the end of this newsletter.

Weekly Status Report: Contents

Year-To-Date Performance
Market Commentary
Open Positions
Stocks Sold Over Past 13 Weeks
Subscription Information
Privacy Policy
Disclaimers
Contact Us

Year-To-Date Performance

Year-To-Date as of November 3, 2006
Deen Capital	+12.3%	*
S&P 500	+10.9%

* An average of managed accounts, net after commissions and fees. Individual account results may vary. See also www.deencapital.com/perform.htm. For information on managed accounts, see www.deencapital.com/mgdaccts.htm.

Market Commentary

Market Stance: BEARISH (since November 1, 2006)

My technical indicators turned suddenly and unanimously bearish on Wednesday. This tells me that market risk has spiked higher. After a solid three-month-plus rally, we may have just seen an important top. Last week was a down week, but the worst may be yet to come. This is the warning that my indicators are flashing.

Accordingly, I have moved aggressively to cash. We own only four stocks now. Let the market fall, then. Bring it on. We're well-prepared.

My Three Primary Technical Indicators:

                                       Prior week             Now
                                       ----------           -------
NASDAQ Timing Model (Ver.10q):           BULLISH            BEARISH (1)
Last signal:  BEARISH on Nov 1, 2006

Performance of Recent Stock Picks:  +5.0 NEUTRAL       -1.1 BEARISH (2)

Market Internals:                    77% BULLISH        66% BEARISH (3)

Overall Rating:                          BULLISH            BEARISH

Stocks:Cash ratio (Ken's IRA):            86:14              26:74

(1) A proprietary computer model based on technical analysis of the NASDAQ Composite. Last signal: BULLISH on Jul 28, 2006.

(2) This number (from -10 to +10) is based on the performance of ALL my stock picks (I actually buy only some of these). A positive number means my stock picks are generally rising; a negative number means they are generally falling. Even so, I consider a reading below +3.1 to be bearish. I require a reading of +5.6 or better to call this indicator bullish.

(3) This is the percentage of stocks ($8 and up) which are trading above their 50-day moving average. The rating of this percentage (bullish, bearish or neutral) is based on which way it's been moving recently -- up, down or sideways.

-KD, November 3, 2006

Open Positions

Company Name Stock
Symbol Buy
Date NetBuy
Price* Current
Price Weeks
Held Gain
(Loss)

Comtech Group, Inc. COGO 10/31/06 $16.71 $16.58 0.4 -0.8%

Apple Computer, Inc. AAPL 10/25/06 $81.55 $78.29 1.3 -4.0%

Google Inc. GOOG 10/20/06 $456.24 $471.80 2.0 +3.4%

Research in Motion RIMM 10/05/06 $110.28 $116.29 4.1 +5.5%
Average 2.0 +1.0%

* Net buy prices shown are the total net purchase cost after commissions for all managed accounts divided by the total number of shares.

Stocks Sold Over Past 13 Weeks

Company Name Stock
Symbol Buy
Date NetBuy
Price* Sell
Date NetSell
Price* Weeks
Held Gain
(Loss)

Buffalo Wild Wings, Inc. BWLD 10/25/06 $49.99 11/03/06 $50.88 1.3 +1.8%

AZZ Inc. AZZ 09/29/06 $36.93 11/02/06 $34.73 4.9 -5.9%

Oracle Corp. ORCL 10/04/06 $18.16 11/02/06 $18.20 4.1 +0.3%

EZCORP, Inc. EZPW 10/13/06 $42.47 11/02/06 $41.74 2.9 -1.7%

Illumina, Inc. ILMN 10/18/06 $43.52 11/02/06 $42.09 2.1 -3.3%

Ultra Clean Holdings, Inc. UCTT 10/24/06 $12.90 11/02/06 $12.55 1.3 -2.7%

Interactive Intelligence Inc ININ 10/06/06 $15.34 11/01/06 $16.56 3.7 +8.0%

21st Century Holding Co. TCHC 10/19/06 $22.72 11/01/06 $26.68 1.9 +17.4%

Skechers U.S.A., Inc. SKX 10/26/06 $30.62 11/01/06 $28.63 0.9 -6.5%

NETGEAR, Inc. NTGR 10/30/06 $27.23 11/01/06 $26.20 0.3 -3.8%

Rogers Corp. ROG 10/10/06 $69.65 10/30/06 $68.56 2.9 -1.6%

Watson Wyatt & Co. Holdings WW 08/10/06 $35.03 10/27/06 $44.65 11.1 +27.5%

Park Electrochemical Corp. PKE 09/20/06 $31.18 10/27/06 $30.91 5.3 -0.9%

PeopleSupport, Inc. PSPT 08/01/06 $14.94 10/20/06 $18.85 11.4 +26.2%

Macrovision Corp. MVSN 08/18/06 $23.14 10/20/06 $26.11 9.0 +12.8%

II-VI Inc. IIVI 09/15/06 $25.03 10/19/06 $24.44 4.9 -2.3%

Copart, Inc. CPRT 10/06/06 $29.33 10/19/06 $28.49 1.9 -2.9%

IDEXX Laboratories, Inc. IDXX 07/28/06 $86.56 10/13/06 $94.33 11.0 +9.0%

Wellcare Group WCG 08/03/06 $51.71 10/12/06 $58.29 10.0 +12.7%

First Marblehead Corp. FMD 09/15/06 $60.21 10/11/06 $68.31 3.7 +13.5%

Shire Pharma Group plc SHPGY 10/09/06 $57.22 10/10/06 $52.80 0.1 -7.7%

Diodes Inc. DIOD 09/14/06 $43.92 10/05/06 $41.73 3.0 -5.0%

Ultra Clean Holdings, Inc. UCTT 09/20/06 $11.09 10/03/06 $9.82 1.9 -11.4%

Psychiatric Solutions, Inc. PSYS 09/12/06 $35.60 10/02/06 $33.36 2.9 -6.3%

U.S. Global Investors, Inc. GROW 09/07/06 $27.84 09/29/06 $24.61 3.1 -11.6%

Merix Corp. MERX 09/21/06 $13.87 09/26/06 $10.41 0.7 -24.9%

ICON plc ICLR 07/26/06 $62.59 09/19/06 $67.02 7.9 +7.1%

FormFactor, Inc. FORM 07/28/06 $42.87 09/19/06 $46.18 7.6 +7.7%

Integrated Device Tech, Inc. IDTI 08/02/06 $15.29 09/15/06 $15.94 6.3 +4.3%

ValueClick, Inc. VCLK 08/07/06 $16.99 09/15/06 $17.45 5.6 +2.7%

Internat'l Assets Holding Cp IAAC 09/13/06 $23.11 09/15/06 $20.54 0.3 -11.1%

Anixter International Inc. AXE 07/25/06 $50.65 09/11/06 $54.39 6.9 +7.4%

Technitrol, Inc. TNL 07/31/06 $24.66 09/11/06 $27.05 6.0 +9.7%

Encore Wire Corp. WIRE 08/03/06 $34.85 09/11/06 $34.56 5.6 -0.8%

Nu Horizons Electronics Corp NUHC 08/15/06 $11.46 09/11/06 $11.94 3.9 +4.2%

Digital River, Inc. DRIV 08/16/06 $47.16 09/11/06 $47.46 3.7 +0.6%

Ansoft Corp. ANST 08/28/06 $24.38 09/11/06 $23.55 2.0 -3.4%

The Exploration Co of DE TXCO 08/22/06 $12.88 08/29/06 $11.86 1.0 -7.9%

Allscripts Healthcare Sltn MDRX 08/02/06 $21.86 08/25/06 $19.77 3.3 -9.5%

Digene Corp. DIGE 08/09/06 $45.06 08/23/06 $42.48 2.0 -5.7%

Core Laboratories N.V. CLB 08/04/06 $71.40 08/14/06 $66.70 1.4 -6.6%

Illumina, Inc. ILMN 07/19/06 $37.20 08/11/06 $34.08 3.3 -8.4%

Nu Horizons Electronics Corp NUHC 07/19/06 $10.47 08/08/06 $10.82 2.9 +3.3%
Average 4.1 +0.6%

* Net buy (sell) prices shown are the total net purchase cost (proceeds) after commissions for all managed accounts divided by the total number of shares. The Gain(Loss) is therefore net after commissions.

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Disclaimers

All stocks discussed in The Deen's List^TM involve a high degree of risk. It should not be assumed that any stock discussed in The Deen's List^TM or purchased by Deen Capital Management, Inc. will be profitable.

Past performance is not necessarily indicative of future results.

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