				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. 102                                      Santa Barbara, CA 93140
November 8, 1992                                              (805) 565-2039
11:30pm New York Time                                 CompuServe: 72020,2050


   Stock+Options Account (editor's personal account):
      * Tomorrow I will BUY 200 Lincare Holdings Inc. (NASDAQ: LNCR). Friday's
        closing price was 25.

   Stock-Only Account (editor's personal account):  No trades

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

   DESI(tm) Buy/Sell Signals (computer-generated):  None


Lincare Holdings Inc.

   The story here is a combination of explosive earnings, a technical buy
signal, a low P/E, and an industry with tremendous long-term growth potential
which is gaining favor on the Street.
   Let's begin by looking at the last four quarterly earnings reports:

	Quarter
	Ended       Sales($mil)            Earnings-per-share
	------   -----------------      ------------------------
	Sep 30   29.9 vs 22.8 +31%      0.34 vs  0.10 +240% +.24
	Jun 30   28.3 vs 21.2 +34%      0.28 vs  0.06 +367% +.22
	Mar 31   26.9 vs 19.6 +37%      0.25 vs  0.03 +733% +.22
	Dec 31   25.1 vs 18.5 +35%      0.11 vs -0.02  n/a  +.13

   Notice the explosion in earnings-per-share over the past four quarters.
The rightmost column shows earnings growth on a difference basis.  I added
this because, when looked at in this way, an acceleration in the growth rate
is apparent.  Impressive though this table is, it does not tell the whole
story.  In the most recent quarter, the 240% increase in earnings-per-share
came in spite of a substantial increase in the number of shares outstanding.
Total dollar earnings for the third quarter actually grew by almost 400%, from
$937,000 in 1991 to $4,663,000 in 1992.
   The technical buy signal is a breakout from a six-week cup-with-handle
formation.  The stock recently reached new high ground for the first time
in over six weeks.
   The P/E, at 26, is very reasonable for a company experiencing such
explosive growth.
   Lincare Holdings, located in Clearwater, Florida, is one of the nation's
largest providers of oxygen and other respiratory therapy services to patients
at home.  This, then, is a play on the trend towards lowering health care
costs and the aging of the population.  Increasing use of home care for the
chronically ill is a major cost-cutting trend on the health care scene in the
United States.  Any health care reforms from the new administration would
likely be favorable to the home care industry.
   Wall Street appears to be recognizing this: the relative strength of the
"Medical - Outpatient / Home Care" group has improved from 20 on Oct. 5 to 58
on Nov. 9, according to Investor's Business Daily.  That's on a scale of 1 to
99.  Actually, this increase in relative strength hints at a return to favor
for a group that was very hot in 1991, but got hit hard during the first half
of this year by the flight out of growth and into cyclicals.
   Investor's Business Daily gives the company an earnings-per-share rank of
95, and a relative strength of 94.
   Due to technical problems with my data vendor, I am unable to include a
graph with this buy alert.  However, a chart of this stock appears on page
14 of last Thursday's (Nov. 5) Investor's Business Daily.
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   This issue of The Aggressive Trader(tm) may be copied and distributed
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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.
   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-
