The Deen's List Vol.6 #304

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 #304 Thursday, September 18, 2008 4:13PM EDT

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

Market Stance: BULLISH (since September 18, 2008)

Contents

Performance
Bought S&P Depository Receipt (SPY)
Open Positions
Subscription Information
Privacy Policy
Disclaimers
Contact Us

Performance

Deen Capital S&P 500

Year-to-date as of September 17, 2008 -15.6% * -20.1%

12 months (Sep 17, 2007 to Sep 17, 2008) -9.5% * -20.1%

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

Click here for more performance data.

Click here for information on managed accounts.

Bought S&P Depository Receipt (SPY)

Initial percent of portfolio (approx.) 40.0%

Net buy price in managed accounts* $120.17

Most recent close (Sep 17) $116.61

Net change (based on net buy price) +3.56

Today's volume as of 3:59pm ET 705.4 million ($84770.7 million)

Average daily volume 277.8 million ($33380.5 million)

* Buy prices shown are net after commissions and fees.

Today, Thursday, September 18, 2008, I bought SPY, first for client accounts, then for my personal accounts.

This is an exchange-traded fund which tracks the S&P 500. It is a way to get back into the market quickly without picking individual stocks.

I think this afternoon's sharp rally on enormous volume marks a short-term reversal in the market's direction.

At this time, I do not see this as a major bottom, just a short-term trading opportunity.

-KD, Thursday, September 18, 2008

Open Positions

Model Portfolio

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

S&P Depository Receipt SPY 09/18/08 $120.17 $120.51 0.0 39.9% +0.3%

Royal Gold Inc. RGLD 09/18/08 $37.77 $37.73 0.0 5.9% -0.1%

Estee Lauder Cos Inc. EL 08/18/08 $51.31 $51.52 4.4 5.2% +0.4%

Thoratec Corp. THOR 08/05/08 $23.18 $28.00 6.3 7.6% +20.8%

Covidien, Ltd. COV 08/05/08 $52.60 $55.14 6.3 6.5% +4.8%

Varian Medical Systems VAR 07/24/08 $59.79 $59.94 8.0 6.5% +0.2%

Cash 28.5%

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.

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

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 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
PO Box 30925
Santa Barbara, CA 93130
(800) 353-4990
deenslist@deencapital.com