Copy Link
Add to Bookmark
Report
The Aggressive Trader Vol. 2, No. 39
Ken Deen's
THE AGGRESSIVE TRADER(tm)
"Seeking double-digit profits in one to four months"
ALERT
Vol. 2, No. 39 P.O. Box 4791
March 3, 1993 Santa Barbara, CA 93140
9:40am New York Time CompuServe: 72020,2050
(805) 565-2039 Internet: 72020.2050@compuserve.com
Market Stance: Neutral
*** ALERT ITEMS: ***
Market Commentary: See below
Marginable Account (editor's personal account):
* SELL 200 Media Logic, Inc. (AMEX: TST).
Today I sold all 200 shares at 37 7/8. I had bought these shares Oct.
16 at 27 1/2 (Vol.1 #93).
After this trade, the account value is $38,210. Of that, $16,165 is
long stocks and $22,045 is cash.
IRA Account (editor's personal account):
* SELL 100 Media Logic, Inc. (AMEX: TST).
Today I sold all 100 shares at 37 7/8. I had bought these shares Oct.
16 at 27 1/2 (Vol.1 #93).
After this trade, the account value is $41,374. Of that, $17,665 is
long stocks and $23,709 is cash.
Market Commentary
I am changing my market stance to neutral. My market timing program, which
gives buy and sell signals on the NASDAQ Composite based on technical factors,
remains bearish. However, the recent drop in long-term interest rates is
bullish for stocks. I still see this as a high risk market for growth stocks
short-term, but I am not confident that the market is headed down.
I prefer cash at this time, although I may enter into new long or short
positions if I find a particularly compelling situation. However, I may not
come across any compelling situations until April, which is when second
quarter earnings start coming in.
I expect my market timing program to give a buy signal within one to three
months. When it does, I will turn bullish again.
Media Logic, Inc.
I have held this stock almost five months, and I have realized a nice 38%
gain (before commissions) on it. I am still bullish on Media Logic, but I am
also continuing to raise cash, and we may be near a short-term peak.
----------------------------------------------------------------------------
Previous Alert: Vol.2 #37 (March 1, 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-
