Ken Deen's
			   THE AGGRESSIVE TRADER
			        BUY ALERT
                                                           1339 Virginia Rd.
Vol. 1, No. 39                                           Montecito, CA 93108
April 15, 1992                                                (805) 565-2039
12:32pm EDT                                           CompuServe: 72020,2050


   Stock+Options Account:
      * BUY 8 Microsoft July 135 calls (symbol: MSQGG).  I bought today at 8.
 
   Model Portfolio:  No trades


Discussion:  Microsoft Corp.

   Microsoft, in my opinion, is to the Nasdaq what IBM once was to the NYSE;
namely, THE premier high-tech growth company and market bellwether.  Earnings
growth has been extremely strong and extremely consistent -- in the 50% to 70%
range -- for several years now.
   Here is why I think today is a great buying opportunity:
   * I believe the Nasdaq is headed higher over the next one to five months.
     I expect to see growth stocks in general recovering from the recent
     slump.  When the Nasdaq heads higher, Microsoft usually leads the way.
   * Today there is very good news on Microsoft:  The courts have thrown out
     Apple's patent infringement lawsuit against Microsoft.  This lawsuit has
     had a dampening effect on Microsoft's stock, since an unfavorable ruling
     could have forced Microsoft to withdraw its mega-hit Windows software
     from the market.  The removal of this element of uncertainty should be
     enough to spark a good rally.
   * Microsoft is expected to release earnings tomorrow.  In my opinion, a
     positive surprise is more likely than a negative surprise.
   * Microsoft has been bouncing around in a trading range of 113 to 133 all
     year.  Based on early market reaction to the news story cited above
     (Microsoft is up 12 points to 129 as I write this), I expect a breakout
     to the upside within days.
                             -END-