The Deen's List Vol.7 #271

The Deen's List^TM

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 #271 Thursday, October 29, 2009 11:20AM EDT

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

Market Stance: BEARISH (since October 23, 2009)

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 28, 2009 +15.2% * +17.8%

12 months (Oct 28, 2008 to Oct 28, 2009) +7.9% * +13.9%

24 months (Oct 28, 2007 to Oct 28, 2009) -16.7% * -28.8%

36 months (Oct 28, 2006 to Oct 28, 2009) +13.7% * -19.2%

48 months (Oct 28, 2005 to Oct 28, 2009) +49.5% * -5.5%

* 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* $105.73

Most recent close (Oct 28) $104.41

Net change (based on net buy price) +1.32

Today's volume as of 11:06am ET 70.7 million ($7.5 billion)

Average daily volume 187.1 million ($19.8 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, Thursday, October 29, 2009, I bought SPY, first for client accounts, then for my personal accounts.

I'm moving 35% of our account values into the S&P 500 this morning. I'm still bearish, and the high level of cash we are holding reflects that. However, I am seeing at least one tentative sign of a bottom here, as the S&P is bouncing off of its rising 50-day moving average.

If the market falls from here, our accounts should still outperform on a relative basis. If the market rises from here, our accounts should rise, too, but will almost certainly underperform. So this is still a bearish-tilted portfolio. Just to a less extreme degree.

-KD, Thursday, October 29, 2009

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 10/29/09 $105.73 $105.78 0.0 34.9% +0.0%

Netflix Inc. NFLX 10/26/09 $56.14 $55.11 0.4 5.1% -1.8%

Apple, Inc. AAPL 10/21/09 $205.93 $195.35 1.1 4.9% -5.1%

Cash 55.2%

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