The Deen's List Vol.8 #125

The Deen's List^TM

A service of Deen Capital Management, Inc. (www.deencapital.com)

Our goal: Outperform the S&P 500 in both up markets and down.

Our result: +58.8% for the 60 months ending June 11, 2010 (vs. +0.8% for the S&P)

For complete performance data, click here

Vol.8 #125 Saturday, June 12, 2010 12:18PM EDT

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

Weekly Status Report: Contents

Typical Client Performance
Market Commentary
Typical Client Portfolio
Stocks Sold Over Past 13 Weeks
Subscription Information
Privacy Policy
Disclaimers
Contact Us

Typical Client Performance

Deen Capital S&P 500

Year-to-date as of June 11, 2010 +6.5% * -1.3%

12 months (Jun 11, 2009 to Jun 11, 2010) +22.9% * +17.8%

24 months (Jun 11, 2008 to Jun 11, 2010) +5.7% * -14.3%

36 months (Jun 11, 2007 to Jun 11, 2010) +13.9% * -22.7%

48 months (Jun 11, 2006 to Jun 11, 2010) +33.7% * -5.2%

60 months (Jun 11, 2005 to Jun 11, 2010) +58.8% * +0.8%

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

Click here for more performance data.

Click here for information on managed accounts.

Market Commentary

Market Stance: BEARISH (since April 27, 2010)

Last week, the market rallied, but I find this rally highly suspect. Most of the gains last week (Thursday and Friday) occurred on receding volume. This does not fit the profile of a market turning the corner. Receding volume implies a lack of conviction from institutional investors. Important changes of market direction almost always enjoy strong institutional participation, which results in expanding volume.

I did predict this technical rally, though, and I attempted to profit from it; however, I botched this trade. I bought SPY first thing Wednesday morning (good), but I sold later that same day (bad) when I saw market weakness heading into the close. I sold too soon. These very short-term counter-trend trades are not my forte.

As a result, last week we gave back -0.5%, while the S&P gained +2.6%. Year-to-date, though, we're still up +6.5%, versus a loss of -1.3% for the S&P.

My indicators improved a bit, but remain overall bearish. I still say the trend is down, and risk is high. Stay tuned, though. This assessment could change on a dime.

My Three Primary Technical Indicators:

                                       Prior week             Now
                                       ----------           -------
NASDAQ Timing Model (Ver.10r):           BEARISH            BEARISH (1)
Last signal:  BEARISH on Apr 27, 2010

Performance of Recent Stock Picks:  -3.3 BEARISH       +2.4 BEARISH (2)

Market Internals:                    18% BEARISH        27% NEUTRAL (3)

-----------------------------------------------------------------------
Market's Overall Technical Rating:       BEARISH            BEARISH

Stocks:Cash ratio (average):              0:100              0:100

(1) A proprietary computer model based on technical analysis of the NASDAQ Composite.

(2) This number (from -10 to +10) is based on the performance of ALL my recent stock picks (I actually buy only some of these). A positive number means my recent stock picks are generally rising; a negative number means they are generally falling. Even so, I consider a reading below +3.1 to be bearish. I require a reading of +5.6 or better to call this indicator bullish.

(3) This is the percentage of stocks ($8 and up) which are trading above their 50-day moving average. The rating of this percentage (bullish, bearish or neutral) is based on which way it's been moving recently -- up, down or sideways.

-KD, Saturday, June 12, 2010

Typical Client Portfolio

Company Name Stock
Symbol Buy
Date NetBuy
Price* Current
Price Weeks
Held % of
Portfolio Gain
(Loss)

Cash 100.0%

Total 100%

* Buy prices shown are net after commissions.

Stocks Sold Over Past 13 Weeks

Company Name Stock
Symbol Buy
Date NetBuy
Price* Sell
Date NetSell
Price* Weeks
Held Gain
(Loss)*

S&P Depositary Receipt SPY 06/09/10 $107.29 06/09/10 $106.63 0.0 -0.6%

Maidenform Brands MFB 05/13/10 $25.03 05/20/10 $22.77 1.0 -9.0%

Local.com Corp. LOCM 04/26/10 $8.16 05/14/10 $8.26 2.6 +1.3%

Idexx Labs IDXX 04/23/10 $66.72 05/14/10 $64.22 3.0 -3.7%

S&P Depositary Receipt SPY 05/10/10 $116.63 05/13/10 $116.31 0.4 -0.3%

DG FastChannel, Inc. DGIT 05/06/10 $40.93 05/13/10 $41.28 1.0 +0.8%

ResMed Inc. RMD 05/04/10 $67.71 05/07/10 $63.21 0.4 -6.6%

RF Micro Devices RFMD 04/29/10 $5.97 05/06/10 $5.21 1.0 -12.6%

Western Digital Corp. WDC 04/26/10 $44.18 05/04/10 $40.42 1.1 -8.5%

Tupperware Brands Corp. TUP 04/21/10 $53.53 04/28/10 $51.17 1.0 -4.4%

S&P Depositary Receipt SPY 04/20/10 $120.57 04/28/10 $119.04 1.1 -1.3%

S&P Depositary Receipt SPY 04/19/10 $119.61 04/28/10 $119.04 1.3 -0.5%

Dollar Tree Inc. DLTR 03/02/10 $55.85 04/28/10 $61.41 8.1 +9.9%

Bed Bath & Beyond BBBY 04/08/10 $46.72 04/28/10 $46.54 2.9 -0.4%

Teradyne Inc. TER 04/22/10 $13.06 04/27/10 $12.58 0.7 -3.7%

Nu Skin Enterprises Inc. NUS 03/08/10 $29.35 04/27/10 $32.68 7.1 +11.4%

S&P Depositary Receipt SPY 04/19/10 $119.61 04/26/10 $121.36 1.0 +1.5%

S X C Health Solutions SXCI 03/04/10 $57.87 04/21/10 $67.06 6.9 +15.9%

TRW Automotive Holdings TRW 02/25/10 $26.14 04/19/10 $31.93 7.6 +22.2%

Systemax Inc. SYX 03/11/10 $20.10 04/19/10 $22.14 5.6 +10.1%

Lululemon Athletica Inc. LULU 03/25/10 $40.22 04/19/10 $42.15 3.6 +4.8%

Kulicke And Soffa KLIC 03/16/10 $6.98 04/19/10 $8.10 4.9 +16.0%

Harbin Electric Inc. HRBN 04/05/10 $23.35 04/19/10 $21.96 2.0 -5.9%

Cirrus Logic Inc. CRUS 04/01/10 $8.46 04/19/10 $9.78 2.6 +15.7%

LivePerson Inc. LPSN 03/12/10 $7.78 04/16/10 $8.54 5.0 +9.9%

Integrated Silicon Solutions ISSI 03/23/10 $8.78 04/16/10 $10.84 3.4 +23.4%

China Info Security Tech CPBY 04/06/10 $6.97 04/16/10 $6.42 1.4 -7.9%

China-Biotics Inc. CHBT 03/19/10 $18.67 04/16/10 $17.43 4.0 -6.6%

SMART Modular Technologies SMOD 03/26/10 $8.03 04/15/10 $7.64 2.9 -4.9%

City Telecom (H.K.) Ltd. CTEL 03/22/10 $15.29 04/15/10 $14.78 3.4 -3.4%

American Public Education APEI 02/25/10 $43.20 04/14/10 $45.24 6.9 +4.7%

Jazz Pharmaceuticals Inc. JAZZ 03/05/10 $11.78 04/13/10 $11.25 5.6 -4.5%

Health Management Assoc, Inc HMA 03/22/10 $8.85 04/07/10 $8.50 2.3 -4.0%

Lincoln Educational LINC 03/03/10 $24.55 04/05/10 $25.00 4.7 +1.8%

Power Integrations Inc. POWI 03/01/10 $38.02 04/01/10 $40.48 4.4 +6.5%

Altisource Portfolio Slns SA ASPS 03/26/10 $23.42 03/31/10 $22.37 0.7 -4.5%

Apple, Inc. AAPL 01/27/10 $207.85 03/31/10 $234.92 9.0 +13.0%

Sirona Dental Systems SIRO 02/16/10 $35.89 03/30/10 $37.95 6.0 +5.7%

Insituform Technologies INSU 03/01/10 $25.30 03/26/10 $26.20 3.6 +3.6%

Deckers Outdoor Corp. DECK 02/26/10 $118.54 03/23/10 $139.49 3.6 +17.7%

Diodes Inc. DIOD 03/03/10 $21.48 03/22/10 $21.64 2.7 +0.7%

Harbin Electric Inc. HRBN 03/10/10 $25.75 03/19/10 $21.38 1.3 -17.0%

Volterra Semiconductor VLTR 01/26/10 $20.86 03/15/10 $22.66 6.9 +8.6%

Netgear, Inc. NTGR 02/12/10 $24.01 03/15/10 $26.54 4.4 +10.5%

* Buy and sell prices shown are net after commissions. This means that the gains/losses shown are also net after transaction expenses.

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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