The Aggressive Trader Vol. 2, No. 41

eZine lover (@eZine)

Published in 

The Aggressive Trader

 · 24 Jul 2021

  

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

			          ALERT 
Vol. 2, No. 41                                                   P.O. Box 4791 
March 5, 1993                                          Santa Barbara, CA 93140 
9:35am New York Time                                    CompuServe: 72020,2050 
(805) 565-2039                             Internet: 72020.2050@compuserve.com 

   Market Stance:  Neutral 

*** ALERT ITEMS: *** 

   Marginable Account (editor's personal account): 
      * SELL 100 Read Rite Corp. (NASDAQ: RDRT) 
        Today I sold all 100 shares at 23 1/2.  I had bought these shares Nov. 
	20 at 29 3/4 (Vol.1 #111). 

        After this trade, the account value is $38,019.  Of that, $13,653 is 
	long stocks and $24,367 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.): 
      * Amerifed Financial Corp. (NASDAQ: AFFC, $24.25) 
        EPS:84, RS:86, GR:34->26, PE:10, Finance-Savings & Loan 

   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.): 
      * Platinum Technology Inc. (NASDAQ: PLAT, $16.00) 
        EPS:98, RS:17, GR:36->50, PE:37, Computer Software 

 
Read Rite Corp. 

   I am still long-term bullish on this stock; however, I've held it three 
and a half months now -- that's about the limit of my patience. 
   The Computer Memory Devices group (which includes Read Rite) is in a severe 
slump.  The group ranking, out of 199 groups based on trailing 6-month price 
performance, has slipped drastically from 81 on Jan. 6 to 167 on March 3. 
   The company's fundamentals are still excellent, and the valuation is very 
attractive, so those with a longer-term outlook may wish to hold. 

 
Correction: Media Logic 

   On March 3, I sold Media Logic.  In the Alert (Vol.2 #39) I stated that, in 
both the Marginable and IRA accounts, I had bought these shares on Oct. 16 at 
27 1/2.  I also stated that I made 38% before commissions in five months. 
These statements are true for the IRA Account, but not the Marginable Account. 
   In the Marginable Account, my cumulative gain over two round-trips spanning 
the same time frame was even better: 
Oct.16 '92  Bought 200 shares at 27 1/2.  Sold Dec. 4 at 37 1/2 (+35%) 
Jan. 7 '93  Bought 200 shares at 34 1/4.  Sold Mar. 3 at 37 7/8 (+10%) 
These 35% and 10% gains are net after commissions. 
---------------------------------------------------------------------------- 
Previous Alert: Vol.2 #39 (March 3, 1993) 
---------------------------------------------------------------------------- 
 *** 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 
---------------------------------------------------------------------------- 
   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 
publication is collected from sources believed to be reliable, but neither the 
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-