				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. 111                                      Santa Barbara, CA 93140
November 20, 1992                                             (805) 565-2039
10:00am New York Time                                 CompuServe: 72020,2050


   Stock+Options Account (editor's personal account):
      * BUY 100 Read Rite Corp. (NASDAQ: RDRT).  This morning I bought 100
        RDRT at 29 3/4.

   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


Read Rite Corp.

   The story here is an extremely under-valued growth company with strong
earnings growth and explosive sales growth, a group which is gaining favor on
the Street, and a technical breakout this week on high volume from a 9-month
base.
   First, let's look at the latest four quarters of sales and earnings growth:

	Quarter
	Ended             Sales($mil)         Earnings-per-share
	---------     ------------------      -----------------
	Dec 31 91     67.8 vs 29.0 +134%      0.48 vs 0.31 +62%
	Mar 31 92     94.2 vs 37.4 +152%      0.40 vs 0.31 +76%
	Jun 30 92    105.6 vs 50.1 +111%      0.37 vs 0.21 +29%
	Sep 30 92    121.8 vs 60.6 +101%      0.34 vs 0.21 +55%

   The earnings growth, while very good, is not as powerful as I usually like
to see.  However, sales growth is nothing short of phenomenal, and sales growth
is one of my favorite indicators of future earnings potential.
   At 18.6 times trailing earnings, this stock is seriously under-valued.
Bargain hunters need look no further!  Also, the stock's industry group,
"Computer memory devices", has been gaining favor on the Street.  The group's
relative strength ranking has risen from 54 on Nov. 6 to 81 today (on a
scale of 1 to 99), according to Investor's Business Daily.
   What about the technical breakout?  Monday's close at 30 was a new all-time
high, the first all-time closing high since February 5, when the stock closed
at 29 1/8.  The stock reached 29 1/8 again on Sept. 21, but retreated from
that resistance level.  The stock now appears poised to make a new run.
Trading volume has increased substantially this week as the stock is passing
through the resistance level, another bullish technical sign.
   The stock carries an earnings-per-share ranking of 81, and a relative
strength ranking of 91, according to Investor's Business Daily.  The next
earnings report is due on Jan. 23.
   Read Rite Corp., headquartered in Milpitas, California, is a leading
independent supplier of thin film magnetic recording heads for disk drives.
       <Stock chart appears 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-
