				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. 95                                       Santa Barbara, CA 93140
October 19, 1992                                              (805) 565-2039
6:40am EDT                                            CompuServe: 72020,2050


   Stock+Options Account (editor's personal account):
      * Today I bought 250 Justin Industries Inc. (JSTN) at 31.

   Stock-Only Account (editor's personal account):
      * Today I bought 200 Justin Industries Inc. (JSTN) at 31.

   DESI(tm) Account (a computer-simulated hypothetical account):  No trades

   DESI(tm) Buy/Sell Signals:  None


BUY Justin Industries Inc. (JSTN)

   Here is another very powerful buy signal.  There is a very good chance I
will get a DESI(tm) buy signal on this stock tonight from my computerized
system.  If I do, I will send out a second buy alert tonight or tomorrow
morning.  Whether it is a DESI(tm) buy or not, I am recommending it strongly.
I have this morning invested about $14,000 of my own money in this one, more
even than Media Logic.  That's the most money I've committed to a single stock
in recent memory, perhaps ever.  My sense of the market is that now is the
time to step on the gas!  In the Stock+Options Account, this purchase is
entirely on margin.
   On Friday, we had a powerful confluence of technical and fundamental buy
signals.  On the technical side, we have a sudden breakout to the upside on
very high volume from a five-and-a-half month trading range.  This is a very
powerful technical buy signal.  It is perhaps my favorite chart pattern.
After five and a half months of bouncing around in a trading range between
$23 and $28, suddenly, in one day of very heavy trading (Friday), the price
breaks out dramatically.  When this kind of breakout occurs on the day or
the day after a superb earnings surprise, then we have plenty of fuel to
power a sustained rally.  Such was the case here.  The market was reacting
to third quarter earnings of 54 cents, 135% better than the year-ago quarter.
   Here are the excellent sales and earnings figures for the past four
quarters:

	Quarter
	Ended        Sales($mil)         Earnings-per-share
	-----    -------------------     ------------------
	Sep 30   112.9 vs  91.5 +23%     .54 vs  .23  +135%
	Jun 30   104.5 vs  86.5 +21%     .38 vs  .12  +217%
	Mar 31    97.3 vs  73.8 +32%     .23 vs -.10   n/a
	Dec 31   116.6 vs 102.8 +13%     .39 vs  .21   +86%

   As a result of the excellent jump in trailing earnings, the P/E has
dropped from 22 in the recent past to 20 now.  Even at 22, the stock is a
bargain.
   The company is in the top 1% of all companies in terms of 5-year earnings-
per-share growth, and in the top 4% in terms of relative strength, according
to Investor's Business Daily.  The stock belongs to the "shoes and related
apparel" group; the group relative strength ranking has risen from 69 on Sept.
11 to 89 on Oct. 9.  This means that the group is outperforming the market.
   Justin Industries, with headquarters in Fort Worth, Texas, manufactures
brick and concrete building products, evaporative coolers, and western
footwear.
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 hardcopy with stock charts of these buy/sell alerts.  -Ken Deen
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   This issue of The Aggressive Trader(tm) may be copied and distributed
freely.  Please pass it around!
   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.
   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.  
   The Aggressive Trader, Deen Earnings Surprise Index, DESI, and DESI-3 are
all trademarks of Kenneth L. Deen.
   Copyright (c) 1992 Kenneth L. Deen. 
			      -END-
