				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. 103                                      Santa Barbara, CA 93140
November 9, 1992                                              (805) 565-2039
1:00pm New York Time                                  CompuServe: 72020,2050


   Stock+Options Account (editor's personal account):
      * Today I bought 300 Resurgens Communications (AMEX: RCG) at 22 7/8.

   Stock-Only Account (editor's personal account):  No trades
      * Today I bought 200 Resurgens Communications (AMEX: RCG) at 22 7/8.

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

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


Resurgens Communications Inc.

   The story here is a recent explosion in sales and earnings, a technical buy
signal, a tremendous market response to last Thursday's blow-out earnings
news, a very low P/E, and a massive money flow into the company's industry
(cellular telecommunications).
   Let's begin by looking at the last four quarterly earnings reports.  Last
Thursday's announcement is the first line.  This is truly explosive growth,
both in terms of sales and earnings.

	Quarter
	Ended       Sales($mil)           Earnings-per-share
	------   ------------------      -------------------
	Sep 30   39.6 vs  6.1 +551%      0.38 vs  0.00  n/a
	Jun 30   37.5 vs 21.2  +77%      0.23 vs -0.40  n/a
	Mar 31   38.8 vs  6.6 +487%      0.16 vs  0.04 +300%
	Dec 31   26.9 vs  6.5 +315%      0.04 vs  0.04    0%

   The latest earnings report hit the wires on Thursday, and the market
responded enthusiastically on Friday.  The stock was up 2 3/4 points on
Friday to close at 21 3/8 on very heavy volume of 314,200 shares, almost 15
times average daily volume.  Today so far, the stock is up even more.
   The technical buy signal results from the fact that Friday's close
represents a new 52-week high, the very first new high this year.
   Now let's look at the P/E.  According to my trailing earnings figures
(above), which I obtained from calling the company, the P/E is a moderate 28.
This does not square with Investor's Business Daily, which lists a P/E of
"999".  I cannot explain the discrepancy, but neither does it worry me.
The mean earnings estimate for fiscal '93 (ends June 30) is $1.48.  The
current price is 15 times this estimate.  Based on the earnings news last
week, this mean estimate is probably low and will likely be revised upward.
In other words, the stock is selling at a very low multiple of '93 earnings.
   Resurgens Communications, located in Atlanta, Georgia, provides long
distance telephone/telecommunications services and markets cellular telephones
and related accessories.  Ever since the AT&T / McCaw deal was announced last
week, the entire cellular business has been hot.  The "telecommunications
services" group's relative strength has improved from 43 on Oct. 5 to 67
today, according to Investor's Business Daily.  The stock has an earnings-
per-share rank of 90 and a relative strength rank of 78, also according to
Investor's Business Daily.

       <Stock charts appear here in printed version.>
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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-
