The Deen's List Vol.6 #319

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 #319 Friday, October 17, 2008 1:09PM EDT

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

Market Stance: BEARISH (since September 24, 2008)

Contents

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

Performance

Deen Capital S&P 500

Year-to-date as of October 16, 2008 -21.0% * -34.5%

12 months (Oct 16, 2007 to Oct 16, 2008) -20.4% * -37.2%

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

Click here for more performance data.

Click here for information on managed accounts.

Bought S&P Depositary Receipt (SPY)

Initial percent of portfolio (approx.) 65.0%

Net buy price in managed accounts* $95.44

Most recent close (Oct 16) $93.77

Net change (based on net buy price) +1.67

Today's volume as of 12:55pm ET 221.4 million ($21129.0 million)

Average daily volume 347.3 million ($33145.5 million)

This year's earnings-per-share n/a

Next year's earnings-per-share n/a

P/E using next year's earnings n/a

Earnings growth rate, next 5 years n/a

Corporate Headquarters n/a

Web site n/a

* Buy prices shown are net after commissions and fees.

Today, Friday, October 17, 2008, I bought SPY, first for client accounts, then for my personal accounts.

I am still bearish, my indicators are still bearish, but I do see suggestions of a bear market rally getting started. At this point, I'm not expecting more than a couple of days to a couple of weeks. So I will likely be moving back to cash soon. But I do sense an opportunity to recover a few percentage points with a short-term trade.

I'll explain myself more fully tomorrow in my end-of-week status report.

-KD, Friday, October 17, 2008

Open Positions

Model Portfolio

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

S&P Depositary Receipt SPY 10/17/08 $95.44 $95.37 0.0 65.0% -0.1%

Cash 35.0%

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