The Deen's List Vol.6 #375

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 #375 Tuesday, December 16, 2008 12:01PM EST

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

Market Stance: BEARISH (since December 13, 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 December 15, 2008 -27.0% * -39.5%

12 months (Dec 15, 2007 to Dec 15, 2008) -28.0% * -39.5%

24 months (Dec 15, 2006 to Dec 15, 2008) -7.9% * -36.6%

* 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.) 34.0%

Net buy price in managed accounts* $89.18

Most recent close (Dec 15) $87.75

Net change (based on net buy price) +1.43

Today's volume as of 11:48am ET 93.7 million ($8.4 billion)

Average daily volume 480.6 million ($42.9 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, Tuesday, December 16, 2008, I bought SPY, first for client accounts, then for my personal accounts.

One small step in the bullish direction, as the market's tone continues to improve. The percentage of stocks trading above their 50-day moving average is now 39%, a new post-Sep-19 high.

-KD, Tuesday, December 16, 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 12/16/08 $89.18 $88.89 0.0 9.2% -0.3%

S&P Depositary Receipt SPY 12/10/08 $90.31 $88.89 0.9 9.8% -1.6%

Greatbatch Inc. GB 12/09/08 $24.37 $24.15 1.0 6.0% -0.9%

Fluor Corp. FLR 12/09/08 $49.98 $50.09 1.0 5.1% +0.2%

S&P Depositary Receipt SPY 12/08/08 $91.85 $88.89 1.1 14.8% -3.2%

Epiq Systems Inc. EPIQ 12/08/08 $16.95 $16.57 1.1 5.9% -2.2%

Comtech Telecom Co. CMTL 12/08/08 $49.55 $46.90 1.1 6.7% -5.3%

Cash 42.2%

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