The Deen's ListTM
Our goal since Oct. 2005: Outperform the S&P through up markets and down.
A service of Deen Capital Management, Inc. (www.deencapital.com)
Vol.7 #246 Thursday, October 1, 2009 3:39PM EDT

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

Market Stance: BEARISH (since September 26, 2009)

Contents

Performance
Sold American Superconductor (AMSC) -4.9%
Sold Bio-Reference Labs, Inc. (BRLI) -0.7%
Sold China Fire & Security Group (CFSG) +7.0%
Sold China TransInfo Tech. Corp. (CTFO) +5.8%
Sold Ebix Inc. (EBIX) +5.9%
Sold SmartHeat Inc. (HEAT) -5.9%
Sold Hi-Tech Pharmacal Co. Inc. (HITK) +1.9%
Sold Innodata Isogen (INOD) -6.2%
Sold Ulta Salon, Cosmetics (ULTA) +9.5%
Open Positions
Subscription Information
Privacy Policy
Disclaimers
Contact Us

Performance

Deen Capital S&P 500
Year-to-date as of September 30, 2009 +19.4% * +19.3%
12 months (Sep 30, 2008 to Sep 30, 2009) +10.8% * -6.9%
24 months (Sep 30, 2007 to Sep 30, 2009) -8.0% * -27.4%
36 months (Sep 30, 2006 to Sep 30, 2009) +21.6% * -15.5%
48 months (Sep 30, 2005 to Sep 30, 2009) +44.3% * -6.6%

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

Click here for more performance data.

Click here for information on managed accounts.

Sold American Superconductor (AMSC) -4.9%

Net sell price in managed accounts*$32.16
Date(s) boughtSep 30 2009
Net buy price in managed accounts*$33.81
Holding period0.1 weeks
Gain/loss in managed accounts*-4.9% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Thursday, October 1, 2009, I sold AMSC, first for client accounts, then for my personal accounts.

I'm selling almost everything today. My stance is already bearish, and the superb gains we've enjoyed recently may have come to an end today.

I see high risk that today's selling is just the start of a major correction. October is likely to be a bad month for stocks, especially when the market has substantial year-to-date gains at the end of September, as is the case this year.

-KD, Thursday, October 1, 2009

Sold Bio-Reference Labs, Inc. (BRLI) -0.7%

Net sell price in managed accounts*$34.31
Date(s) boughtSep 16 2009
Net buy price in managed accounts*$34.54
Holding period2.1 weeks
Gain/loss in managed accounts*-0.7% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Thursday, October 1, 2009, I sold BRLI, first for client accounts, then for my personal accounts.

I'm selling almost everything today. My stance is already bearish, and the superb gains we've enjoyed recently may have come to an end today.

I see high risk that today's selling is just the start of a major correction. October is likely to be a bad month for stocks, especially when the market has substantial year-to-date gains at the end of September, as is the case this year.

-KD, Thursday, October 1, 2009

Sold China Fire & Security Group (CFSG) +7.0%

Net sell price in managed accounts*$18.24
Date(s) boughtSep 14 2009
Net buy price in managed accounts*$17.04
Holding period2.4 weeks
Gain/loss in managed accounts*+7.0% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Thursday, October 1, 2009, I sold CFSG, first for client accounts, then for my personal accounts.

I'm selling almost everything today. My stance is already bearish, and the superb gains we've enjoyed recently may have come to an end today.

I see high risk that today's selling is just the start of a major correction. October is likely to be a bad month for stocks, especially when the market has substantial year-to-date gains at the end of September, as is the case this year.

-KD, Thursday, October 1, 2009

Sold China TransInfo Tech. Corp. (CTFO) +5.8%

Net sell price in managed accounts*$9.01
Date(s) boughtSep 22 2009
Net buy price in managed accounts*$8.52
Holding period1.3 weeks
Gain/loss in managed accounts*+5.8% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Thursday, October 1, 2009, I sold CTFO, first for client accounts, then for my personal accounts.

I'm selling almost everything today. My stance is already bearish, and the superb gains we've enjoyed recently may have come to an end today.

I see high risk that today's selling is just the start of a major correction. October is likely to be a bad month for stocks, especially when the market has substantial year-to-date gains at the end of September, as is the case this year.

-KD, Thursday, October 1, 2009

Sold Ebix Inc. (EBIX) +5.9%

Net sell price in managed accounts*$53.77
Date(s) boughtSep 28 2009
Net buy price in managed accounts*$50.79
Holding period0.4 weeks
Gain/loss in managed accounts*+5.9% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Thursday, October 1, 2009, I sold EBIX, first for client accounts, then for my personal accounts.

I'm selling almost everything today. My stance is already bearish, and the superb gains we've enjoyed recently may have come to an end today.

I see high risk that today's selling is just the start of a major correction. October is likely to be a bad month for stocks, especially when the market has substantial year-to-date gains at the end of September, as is the case this year.

-KD, Thursday, October 1, 2009

Sold SmartHeat Inc. (HEAT) -5.9%

Net sell price in managed accounts*$11.00
Date(s) boughtSep 25 2009
Net buy price in managed accounts*$11.68
Holding period0.9 weeks
Gain/loss in managed accounts*-5.9% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Thursday, October 1, 2009, I sold HEAT, first for client accounts, then for my personal accounts.

I'm selling almost everything today. My stance is already bearish, and the superb gains we've enjoyed recently may have come to an end today.

I see high risk that today's selling is just the start of a major correction. October is likely to be a bad month for stocks, especially when the market has substantial year-to-date gains at the end of September, as is the case this year.

-KD, Thursday, October 1, 2009

Sold Hi-Tech Pharmacal Co. Inc. (HITK) +1.9%

Net sell price in managed accounts*$21.55
Date(s) boughtSep 9 2009
Net buy price in managed accounts*$21.14
Holding period3.1 weeks
Gain/loss in managed accounts*+1.9% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Thursday, October 1, 2009, I sold HITK, first for client accounts, then for my personal accounts.

I'm selling almost everything today. My stance is already bearish, and the superb gains we've enjoyed recently may have come to an end today.

I see high risk that today's selling is just the start of a major correction. October is likely to be a bad month for stocks, especially when the market has substantial year-to-date gains at the end of September, as is the case this year.

-KD, Thursday, October 1, 2009

Sold Innodata Isogen (INOD) -6.2%

Net sell price in managed accounts*$7.41
Date(s) boughtSep 29 2009
Net buy price in managed accounts*$7.90
Holding period0.3 weeks
Gain/loss in managed accounts*-6.2% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Thursday, October 1, 2009, I sold INOD, first for client accounts, then for my personal accounts.

I'm selling almost everything today. My stance is already bearish, and the superb gains we've enjoyed recently may have come to an end today.

I see high risk that today's selling is just the start of a major correction. October is likely to be a bad month for stocks, especially when the market has substantial year-to-date gains at the end of September, as is the case this year.

-KD, Thursday, October 1, 2009

Sold Ulta Salon, Cosmetics (ULTA) +9.5%

Net sell price in managed accounts*$16.45
Date(s) boughtSep 16 2009
Net buy price in managed accounts*$15.02
Holding period2.1 weeks
Gain/loss in managed accounts*+9.5% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Thursday, October 1, 2009, I sold ULTA, first for client accounts, then for my personal accounts.

I'm selling almost everything today. My stance is already bearish, and the superb gains we've enjoyed recently may have come to an end today.

I see high risk that today's selling is just the start of a major correction. October is likely to be a bad month for stocks, especially when the market has substantial year-to-date gains at the end of September, as is the case this year.

-KD, Thursday, October 1, 2009

Open Positions

Model Portfolio

Company Name Stock
Symbol
Buy
Date
NetBuy
Price*
Current
Price**
Weeks
Held
% of
Portfolio
Gain
(Loss)
Lincoln Educational LINC 09/28/09 $22.65 $22.51 0.4 4.9% -0.6%
RINO International Corp. RINO 09/17/09 $14.10 $19.27 2.0 6.7% +36.6%
Zhongpin, Inc. HOGS 09/08/09 $11.75 $13.65 3.3 5.6% +16.2%
Cash 82.9%  
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 ListTM, 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.

Privacy Policy

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 ListTM involve a high degree of risk. It should not be assumed that any stock discussed in The Deen's ListTM 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.

Contact Us

The Deen's List
PO Box 30925
Santa Barbara, CA 93130
(800) 353-4990
deenslist@deencapital.com

Copyright © 2009 Deen Capital Management, Inc.