Ken Deen's
			 THE AGGRESSIVE TRADER(tm)
	    "Seeking double-digit profits in one to four months"

			          ALERT
Vol. 2, No. 37                                                   P.O. Box 4791
March 1, 1993                                          Santa Barbara, CA 93140
9:45am New York Time                                    CompuServe: 72020,2050
(805) 565-2039                             Internet: 72020.2050@compuserve.com

*** ANNOUNCEMENT ***
*** Vol. 1 No. 36 is a Monthly Status Report.  I expect to send it out this
*** week. (If you are not on my mailing list for the Monthly Status Reports, I
*** urge you to subscribe.  They are an essential adjunct to these Alerts.
*** Among other things, they review the stock holdings and historical
*** performance of each account.  See "SUBSCRIPTION INFORMATION" below.)

   Market Stance:  Bearish

*** ALERT ITEMS: ***

   Marginable Account (editor's personal account):
      * SELL 400 Cagles Inc. (AMEX: CGL.A)
        Today I sold 400 shares at 27 1/8.  I had bought these shares Feb. 1
	at 23 3/4 and 24 (Vol.2 #20).  I still own 200 shares in this account.

        After this trade, the account value is $38,166.  Of that, $23,665 is
	long stocks and $14,501 is cash.

   IRA Account (editor's personal account):
      * SELL 400 Cagles Inc. (AMEX: CGL.A)
        Today I sold 400 shares at 27 1/8.  I had bought these shares Feb. 1
	at 23 3/4 and 24 (Vol.2 #20).  I still own 200 shares in this account.

        After this trade, the account value is $41,402.  Of that, $21,453 is
	long stocks and $19,949 is cash.

*** TRADING IDEA ITEMS (There will be no followup on these ideas): ***

   Breakouts (The following stock(s) have excellent sales and earnings growth,
   and have just broken out from a six-week or longer base.):
      * J C Penney Co. Inc. (NYSE: JCP, $80.88)
	EPS:84, RS:59, GR:82->84, PE:13, Retail-Major Department Stores

   Climactic Selloff/Rebounds (The following stock(s) have excellent sales and
   earnings growth, are in long-term uptrends, and have just had a climactic
   selloff-and-rebound.):
      * Adaptec Inc. (NASDAQ: ADPT, $25.25)
        EPS:99, RS:69, GR:12->14, PE:15, Computer-Peripheral Equipment


Cagles, Inc.

   I made a double-digit profit on my first purchase of Cagles in one month's
time.  My second purchase (200 shares in each account at 28 3/8) is slightly
underwater.  I am still very bullish on Cagles; I still expect to make a
profit on this second purchase.
   However, my accounts are still much too exposed right now, given my
recent shift to a bearish stance on Feb. 17 (Vol.2 #30).  As I have written
before, my market timing program gives a market sell signal about once a year.
When it does, my goal is no longer a "double-digit profit in one to four
months" for the stocks I bought prior to the sell signal; my goal becomes
"preservation of capital".  I'd rather be in cash at this time.
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Previous Alert: Vol.2 #35 (Feb. 25, 1993)
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 *** To all who download this newsletter ***
 *** ANNOUNCEMENT: TRIAL PERIOD TO CONTINUE THROUGH APRIL 30 ***
    On May 1, 1993, this newsletter will be available only for a subscription
 fee.  There will be no further uploads on or after that date.
    From now through April 30, 1993, I am offering at-cost subscriptions (very
 very inexpensive) by e-mail, fax, and postal mail.  These are alternatives to
 downloading.  E-mail via Internet is free during this trial period.
    Monthly Status Reports (available in printed form only) are an essential
 adjunct to these timely bulletins.  Among other things, they review the stock
 holdings and historical performance of each newsletter account.  To receive a
 free sample Monthly Status Report plus an at-cost subscription form, just
 send your paper mail address.
 -Ken Deen
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   The Aggressive Trader is edited and published at irregular intervals, but
at least monthly, by Deen Capital Management, Inc.,  P.O. Box 4791, Santa
Barbara, California 93140, (805) 565-2039.
   Deen Capital Management, Inc., its principals, employees, affiliates,
and/or clients may have positions in securities recommended herein and may
make additional purchases and/or sales in these securities.  
   Recommendations made in this publication involve a high degree of risk and
may result in losses.  Readers should not assume that recommendations will be
profitable or will equal past performance.  The information in this
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accuracy nor the completeness of this information is guaranteed.  
   The Aggressive Trader, Deen Earnings Surprise Index, DESI, and DESI-3 are
all trademarks of Deen Capital Management, Inc.
   Copyright (c) 1993 Deen Capital Management, Inc. 
			      -END-