The Deen's List Vol.7 #275

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 #275 Monday, November 2, 2009 10:58AM EST

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 30, 2009 +13.3% * +17.1%

12 months (Oct 30, 2008 to Oct 30, 2009) +4.7% * +11.5%

24 months (Oct 30, 2007 to Oct 30, 2009) -18.8% * -29.0%

36 months (Oct 30, 2006 to Oct 30, 2009) +11.1% * -19.7%

48 months (Oct 30, 2005 to Oct 30, 2009) +47.1% * -6.1%

* 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.) 20.0%

Net buy price in managed accounts* $105.00

Most recent close (Oct 30) $103.56

Net change (based on net buy price) +1.44

Today's volume as of 10:43am ET 73.6 million ($7.7 billion)

Average daily volume 188.9 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, Monday, November 2, 2009, I bought SPY, first for both client and personal accounts.

I increased our exposure to SPY (the S&P 500) from 40% to 60%.

Remember, a 100% SPY position is market neutral. We are now 60% SPY, 5% Netflix, 35% cash. We are still decidedly on the bearish side of neutral. Just a little less so. We are still positioned to outperform in a down market, underperform in an up market.

I would not be surprised if last week's correction spills over into this week. My technical indicators remain bearish. On the other hand, there is a small chance that the correction is done. I do think we are in a cyclical bull market, and that this correction will probably end sometime this month, if it hasn't ended already.

We do have some good news this morning, in the form of a big earnings surprise from Ford. They posted a profit, when the Street was expecting a loss.

-KD, Monday, November 2, 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 11/02/09 $105.00 $105.10 0.0 19.7% +0.1%

S&P Depositary Receipt SPY 10/29/09 $105.87 $105.10 0.6 40.0% -0.7%

Netflix Inc. NFLX 10/26/09 $56.14 $53.77 1.0 5.0% -4.2%

Cash 35.4%

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
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