The Deen's ListTM
A service of Deen Capital Management, Inc. (www.deencapital.com)
Vol.4 #266 Monday, December 18, 2006 3:40PM ET

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

Market Stance: BULLISH (since November 8, 2006)

  Contents

Year-To-Date Performance
Sold Allis-Chalmers Energy (ALY) +26.6% (after commissions)
Sold AMREP Corp. (AXR) +86.8% (after commissions)
Sold Google (GOOG) +1.7% (after commissions)
Open Positions
Subscription Information
Privacy Policy
Disclaimers
Contact Us

  Year-To-Date Performance

Year-To-Date as of December 15, 2006

Deen Capital+22.4%*
S&P 500+16.3%

* 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.

  Sold Allis-Chalmers Energy (ALY) +26.6% (after commissions)

Net sell price in managed accounts* $22.81
Date(s) bought Nov 28 2006
Net buy price in managed accounts* $18.02
Holding period 2.9 weeks
Gain/loss in managed accounts +26.6% (after commissions)

* The net buy (sell) price is the total net cost (proceeds) after commissions for all managed accounts divided by the total number of shares.

I am on the brink of turning bearish, and so I am much less tolerant than usual of holding stocks through downturns. This stock is down sharply today, so I am locking in our excellent gain rather than risk seeing that gain erode any further.

-KD, December 18, 2006

  Sold AMREP Corp. (AXR) +86.8% (after commissions)

Net sell price in managed accounts* $127.88
Date(s) bought Nov 7 2006
Net buy price in managed accounts* $68.47
Holding period 5.9 weeks
Gain/loss in managed accounts +86.8% (after commissions)

* The net buy (sell) price is the total net cost (proceeds) after commissions for all managed accounts divided by the total number of shares.

I am on the brink of turning bearish, and so I am much less tolerant than usual of holding stocks through downturns. This stock has been going straight up recently, but today is exhibiting toppy behavior. We have a bearish intraday reversal on extremely heavy volume.

-KD, December 18, 2006

  Sold Google (GOOG) +1.7% (after commissions)

Net sell price in managed accounts* $463.84
Date(s) bought Oct 20 2006
Net buy price in managed accounts* $456.24
Holding period 8.4 weeks
Gain/loss in managed accounts +1.7% (after commissions)

* The net buy (sell) price is the total net cost (proceeds) after commissions for all managed accounts divided by the total number of shares.

The NASDAQ is down sharply today, and Google is one of the "leaders" to the downside. It is today breaking below its 50-day moving average for the first time since early September. I'm locking in what little gain we have left, rather than risk seeing it turn into a loss.

-KD, December 18, 2006

  Open Positions

Company Name Stock
Symbol
Buy
Date
NetBuy
Price*
Current
Price**
Weeks
Held
Gain
(Loss)
Palomar Med TechPMTI12/14/06$53.23$52.290.6-1.8%
Gulf Island FabGIFI12/06/06$39.06$37.451.7-4.1%
SimpleTech Inc.STEC12/04/06$10.30$11.322.0+9.9%
DSW Inc.DSW11/30/06$38.12$38.192.6+0.2%
Dress Barn TheDBRN11/30/06$24.12$23.552.6-2.4%
Cisco Sys Inc.CSCO11/15/06$26.62$27.554.7+3.5%
Dolby LaboratoriesDLB11/10/06$26.70$31.605.4+18.4%

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

** Current prices are at least 20 minutes old.

  Subscription Information

Welcome to The Deen's ListTM, an e-mail stock newsletter from Deen Capital Management, Inc.

My intention is to inform you as quickly as is practical regarding my stock market moves. When I buy or sell a stock, first I take care of client accounts, then I buy/sell for my personal account(s), and then, third, I send out this newsletter.

Your feedback is welcome. Send e-mail to deenslist@deencapital.com. To subscribe or unsubscribe, include the word "subscribe" or "unsubscribe" in the Subject line.

This newsletter is free to managed account clients. For a limited time, it is also free to all interested parties.

  Privacy Policy

Your personal information, including your e-mail address, will be held in strict confidence by Deen Capital Management, Inc. We will not share it with or sell it to others.

  Disclaimers

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

Past performance is not necessarily indicative of future results.

The information contained herein has been compiled from sources deemed to be reliable; however, we are not responsible for its accuracy or completeness.

  Contact Us

The Deen's List
PO Box 30925
Santa Barbara, CA 93130
(805) 682-1870
deenslist@deencapital.com

Copyright © 2006 Deen Capital Management, Inc.