				Ken Deen's
			   THE AGGRESSIVE TRADER
			     BUY/COVER ALERT
                                                           1339 Virginia Rd.
Vol. 1, No. 74                                           Montecito, CA 93108
July 31, 1992                                                 (805) 565-2039
10:00pm ET                                            CompuServe: 72020,2050


   Stock+Options Account:
      * BUY Nature's Bounty Inc. (Nasdaq: NBTY).  Monday I will buy 200
        shares.  The stock closed at 18 today (Friday).
      * COVER US Surgical (NYSE: USS).  Monday I will cover my short position
        by buying 100 shares.  USS closed at 91 today (Friday).  I had sold
	these shares short at 98 on July 17 (see Vol.1 #68).

   Model Portfolio:  No trades

   Deen Earnings Surprise Index System:
      * BUY Nature's Bounty Inc. (Nasdaq: NBTY).

   The DESI-3 timing system is giving a green light for August 3.


Discussion:  Nature's Bounty Inc.

   Nature's Bounty manufactures and sells food supplements and health and
beauty aids under private labels and its own brand names.
   This is the third DESI buy to come out of my new, improved, computerized
trading system outlined in Vol.1 #70.
   On Wednesday, the company checked in with earnings of 30 cents a share,
an 88% improvement over the year earlier period.  Sales were up 35%.  The
market reacted on Thursday by bidding up the stock 1 1/2 points on triple
normal volume.  The stock has an EPS rank of 98 and a relative strength rank
of 99, according to Investor's Business Daily.  Earnings have been on the fast
growth track for a few years now:  1989 earnings were 12 cents a share; this
grew to 39 cents in 1990 and 56 cents in 1991.  For fiscal 1992, the company
has already earned 83 cents just in the first 3 quarters.
   The stock price of $18 is near its all-time high set 3 months ago.  The
high relative strength rank comes from the fact that the stock was trading
at less than $4 a share in January!  It appears to be getting ready to break
out into new high territory after 3 months of consolidation.  It is selling
at 21 times trailing earnings; last Friday, at a much lower price of $14.50
and lower trailing earnings, the P/E was 20.


Discussion:  US Surgical

   Today (Friday) was a significant day technically for US Surgical.  The
stock first fell like a rock in early trading, reaching a low of 87 (down
4 3/8 from Thursday's close), but it bounced back smartly to close at 91,
very near the day's high.  This was on very heavy trading volume.  This type
of action in the context of a downtrend suggests a turning point.  The selling
reached a climax, and then the buyers stepped up to the plate.  The stock
will likely head higher next week as the buyers now have the upper hand;
therefore I will cover my short position Monday morning.
			      -END-
