The Deen's List Vol.8 #151

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: +60.2% for the 60 months ending July 15, 2010 (vs. -1.2% for the S&P)

For complete performance data, click here

Vol.8 #151 Friday, July 16, 2010 3:29PM EDT

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

Market Stance: BEARISH (since June 25, 2010)

Contents

Typical Client Performance
Sold S&P Depositary Receipt (SPY) +0.5%
Typical Client Portfolio
Subscription Information
Privacy Policy
Disclaimers
Contact Us

Typical Client Performance

Deen Capital S&P 500

Year-to-date as of July 15, 2010 +4.3% * -0.7%

12 months (Jul 15, 2009 to Jul 15, 2010) +21.4% * +19.9%

24 months (Jul 15, 2008 to Jul 15, 2010) +3.7% * -5.4%

36 months (Jul 15, 2007 to Jul 15, 2010) +5.3% * -24.5%

48 months (Jul 15, 2006 to Jul 15, 2010) +33.6% * -3.6%

60 months (Jul 15, 2005 to Jul 15, 2010) +60.2% * -1.2%

* 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 S&P Depositary Receipt (SPY) +0.5%

Net sell price in managed accounts* $106.63

Date(s) bought Jun 28 2010; Jul 6 2010; Jul 8 2010

Net buy price in managed accounts* $106.05

Holding period 2.6 weeks

Gain/loss in managed accounts* +0.5% (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, Friday, July 16, 2010, I sold SPY, for both client and my personal accounts.

I was very close to turning bullish, but stocks are down sharply today. I see the possibility that today's weakness could be the start of a new leg down for the bear market which began in late April. I think it best to retreat to (mostly) cash.

-KD, Friday, July 16, 2010

Typical Client Portfolio

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

Adtran Inc. ADTN 07/14/10 $31.03 $30.68 0.3 5.1% -1.1%

Cash 95.0%

Total 100%

* Buy prices shown are net after commissions.

** 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