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

			        BUY ALERT
                                                               P.O. Box 4791
Vol. 1, No. 90                                       Santa Barbara, CA 93140
October 6, 1992                                               (805) 565-2039
9:20am EDT                                            CompuServe: 72020,2050


   Stock+Options Account:  No trades

   Stock-Only Account:  No trades

   DESI Trading System(tm):  No trades

   Other Trading Ideas (these recommendations will not be tracked):
      Buy Recommendation:  Paxar Corp. (PXR, $22)


Market Buy Signal!

   Yesterday's market action was very significant and very bullish.  The Dow
was down as much as 113 points in the morning as a selling panic hit Wall
Street.  However, the bulls stepped in and by the end of the day the Dow was
down only 21.61 points.  This dramatic descent-and-recovery occured on very
heavy trading volume.  284 million shares changed hands, the heaviest NYSE
volume since January.
   The market has been in a short-term downtrend for the past few weeks.
Yesterday's action represents a selling climax, which is a very bullish
sign.  It is likely that yesterday's close of 3178.98 on the Dow represents
a floor for at least the rest of 1992.  Today is a great buying opportunity!
   As for myself, I continue to wait for the next DESI(tm) buy signal, which
will probably be within the next couple of weeks.  The last DESI(tm) buy
signal was August 3 (NBTY).


Recommended for purchase: Paxar Corp. (PXR)

   Today we have an opportunity to buy this hot growth stock on a dip.  The
stock, which is in a long-term uptrend, has recently been subjected to three
weeks of profit-taking.  My guess is that yesterday's close of 22, off 21%
from the Sept. 15 close, is either an absolute low for the October thru
December time frame, or very close to it.  I expect the long-term uptrend to
reassert itself over the next few weeks, perhaps beginning today.
   Paxar's earnings and sales growth over the past four quarters are first-
rate:

	 Quarter
	  Ended       Sales($Mil)        Earnings
	---------   ---------------    ------------------
	Sep 30 91   21.6 +22%  +3.9    $0.12  +500% +$0.10
	Dec 31 91   24.3 +36%  +6.4    $0.20 +1900% +$0.19
	Mar 31 92   30.9 +48% +10.0    $0.33  +175% +$0.21
	Jun 30 92   36.2 +63% +14.0    $0.40  +135% +$0.23

Percentage and difference numbers are vs. the year-ago quarter.  I included
comparisons on a difference basis because from this angle an acceleration in
the earnings growth rate is evident: +$0.10 to $0.19 to $0.21 to $0.23.  An
acceleration in the sales growth rate is evident on any basis.  The stock
recently split 5-for-4, and these numbers are pre-split.
   The P/E reached a high of 33 when the stock peaked on Sept. 15.  It now
stands at 26.  This represents an excellent bargain given the company's
stellar growth.
   Paxar, with headquarters in Pearl River, NY, manufactures electronic bar
code labeling systems, printed and woven labels, and bar code tags for
apparel.  According to Investor's Business Daily, Paxar's earnings-per-share
growth ranks in the top 2% of all companies, and its relative strength is also
in the top 2%.

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----------------------------------------------------------------------------
   The Aggressive Trader is edited and published at irregular intervals, but
at least monthly, by Kenneth L. Deen ("Ken Deen"),  P.O. Box 4791, Santa
Barbara, California 93140, (805) 565-2039.  Until further notice, it is being
distributed at no charge. 
   Ken Deen, his 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.  
   Reproduction in whole or in part without the written consent of the editor
is strictly prohibited.  The Aggressive Trader, Deen Earnings Surprise Index,
DESI, DESI-3, and DESI Trading System are all trademarks of Kenneth L. Deen.
Copyright (c) 1992 Kenneth L. Deen. 
			      -END-
