The Deen's List Vol.6 #285

The Deen's List^TM

Our Goal: To outperform the S&P through up markets and down.

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

Vol.6 #285 Friday, September 5, 2008 10:59AM EDT

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

Market Stance: BEARISH (since September 4, 2008)

Contents

Performance
Sold Kendle International Inc. (KNDL) -8.2%
Open Positions
Subscription Information
Privacy Policy
Disclaimers
Contact Us

Performance

Deen Capital S&P 500

Year-to-date as of September 4, 2008 -12.6% * -14.6%

12 months (Sep 4, 2007 to Sep 4, 2008) -2.1% * -15.2%

* An average of managed accounts, net after all commissions and fees.

Click here for more performance data.

Click here for information on managed accounts.

Sold Kendle International Inc. (KNDL) -8.2%

Net sell price in managed accounts* $46.49

Date(s) bought Aug 28 2008

Net buy price in managed accounts* $50.63

Holding period 1.1 weeks

Gain/loss in managed accounts* -8.2% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Friday, September 5, 2008, I sold KNDL, first for client accounts, then for my personal accounts.

This stock's daily chart pattern also has the look of a double-top. Earlier this week, it peaked just above $50, the same level as an earlier peak in December and January. And, yesterday and this morning, the stock is selling off.

We're now 47% in cash, 53% in stocks. My rule-of-thumb is that I like to be at least 50% in cash when I'm bearish. 47% is close enough. I'm no longer in a big hurry to raise cash just because I turned bearish.

-KD, Friday, September 5, 2008

Open Positions

Model Portfolio

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

Super Micro Computer, Inc. SMCI 09/03/08 $10.71 $10.37 0.3 4.0% -3.2%

Bruker Corp. BRKR 09/02/08 $16.37 $15.75 0.4 5.0% -3.8%

Solera Holdings Inc. SLH 08/28/08 $30.01 $30.05 1.1 5.2% +0.1%

Sapient Corp. SAPE 08/27/08 $9.25 $8.89 1.3 4.9% -3.9%

SkillSoft PLC SKIL 08/22/08 $10.67 $10.90 2.0 5.2% +2.1%

VisionChina Media Inc. VISN 08/21/08 $19.22 $17.66 2.1 3.7% -8.1%

Estee Lauder Cos Inc. EL 08/18/08 $51.31 $51.32 2.6 5.1% +0.0%

Thoratec Corp. THOR 08/05/08 $23.18 $26.16 4.4 7.0% +12.9%

Covidien, Ltd. COV 08/05/08 $52.60 $52.05 4.4 6.0% -1.0%

Varian Medical Systems VAR 07/24/08 $59.79 $62.29 6.1 6.6% +4.2%

Cash 47.3%

Total 100%

* Buy prices shown are net after commissions and fees.

** Current prices are at least 20 minutes old.

Subscription Information

Welcome to The Deen's List^TM, 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.

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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.

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

The Deen's List
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