The Deen's List Vol.6 #373

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 #373 Saturday, December 13, 2008 4:44PM EST

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

Market Stance: BEARISH (since December 13, 2008)

Contents

Market Timing Alert: BEARISH
Performance
Open Positions
Subscription Information
Privacy Policy
Disclaimers
Contact Us

Market Timing Alert: BEARISH

The market is giving contradictory signals.

On the one hand, my market internals indicator had its two best readings last week (Wednesday and Friday) since September 19. Since the bottom of November 20, the market has put in a sequence of higher highs and higher lows. This is good.

On the other hand, my market indicators, which were just briefly overall bullish earlier this week, are now once again overall bearish. Friday, we had what some might call a bullish reversal, with the market down in the morning, but reversing in the afternoon and closing higher. I am skeptical of this turnaround, however, because volume was light.

On balance, I'll go with my indicators. I'm returning to a bearish stance.

-KD, Saturday, December 13, 2008

Performance

Deen Capital S&P 500

Year-to-date as of December 12, 2008 -26.4% * -38.7%

12 months (Dec 12, 2007 to Dec 12, 2008) -27.4% * -39.5%

24 months (Dec 12, 2006 to Dec 12, 2008) -5.1% * -35.1%

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

Click here for more performance data.

Click here for information on managed accounts.

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 12/10/08 $90.31 $88.99 0.4 9.8% -1.5%

Greatbatch Inc. GB 12/09/08 $24.37 $23.39 0.6 5.8% -4.0%

Fluor Corp. FLR 12/09/08 $49.98 $48.19 0.6 4.9% -3.6%

S&P Depositary Receipt SPY 12/08/08 $91.85 $88.99 0.7 14.8% -3.1%

Epiq Systems Inc. EPIQ 12/08/08 $16.95 $16.97 0.7 6.1% +0.1%

Comtech Telecom Co. CMTL 12/08/08 $49.55 $48.95 0.7 7.0% -1.2%

Cash 51.5%

Total 100%

* Buy prices shown are net after commissions and fees.

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.

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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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