The Deen's List Vol.6 #328

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 #328 Monday, November 3, 2008 9:37AM EST

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 31, 2008 -19.8% * -32.9%

12 months (Oct 31, 2007 to Oct 31, 2008) -23.2% * -36.1%

* 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 Depositary Receipt (SPY)

Initial percent of portfolio (approx.) 35.0%

Net buy price in managed accounts* $96.60

Most recent close (Oct 31) $96.83

Net change (based on net buy price) -0.23

Today's volume as of Oct 31 4.3 million ($411.3 million)

Average daily volume 409.5 million ($39.6 billion)

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, Monday, November 3, 2008, I bought SPY, first for client accounts, then for my personal accounts. This exchange-traded fund, which trades like a stock, captures the performance of the S&P 500.

Though my indicators remain overall bearish, I do think that there is a better than 50/50 chance that they will turn bullish this week. All eyes are on the U.S. election now, and, regardless of who wins, the resolution of a major uncertainty is usually a positive for stocks.

We're still 48% cash now, but that's way down from 83% cash on Friday. If the market continues acting well, I may turn bullish and put more of our money to work later today and/or tomorrow.

-KD, Monday, November 3, 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 11/03/08 $96.60 $97.19 0.0 35.0% +0.6%

Thoratec Corp. THOR 10/31/08 $24.67 $24.62 0.4 7.9% -0.2%

LHC Group Inc. LHCG 10/30/08 $30.61 $35.28 0.6 9.1% +15.3%

Cash 48.1%

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