				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. 112                                      Santa Barbara, CA 93140
November 23, 1992                                             (805) 565-2039
10:00am New York Time                                 CompuServe: 72020,2050


   Stock+Options Account (editor's personal account):  No trades

   Stock-Only Account (editor's personal account):
      * BUY Prima Energy Corp. (NASDAQ: PENG).  This morning I bought 150
        PENG at 24 1/4.

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

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

   Other Trading Ideas:
      * BUY SBE Inc. (NASDAQ: SBEI, $17.25).
      * BUY National Western Life (NASDAQ: NWLIA, $42.50).


Prima Energy Corp.

   Here we have a technical buy signal and a very strong market reaction to
a very strong earnings report on a fast-growing and under-valued company.
   The technical buy signal occured on Friday when the stock broke out of
an 8-week trading range.  It was up 3 points to close at 22 1/2, a new all-
time high, and the first all-time high in eight weeks.  Friday's breakout
occurred on extremely heavy trading of 90,400 shares, more than seven times
the average daily volume for this stock.  That is the heaviest volume day for
this stock since October 1990 at least (that's as far back as I have data).
Heavy volume as a stock breaks out of a trading range is a bullish technical
sign.
   Friday's impressive buying spree was a reaction to a stellar earnings
report: earnings-per-share were up 106%.  Here are the last four quarters of
sales and earnings figures:

	Quarter
	Ended           Sales($mil)         Earnings-per-share
	---------    -----------------      -----------------
	Dec 31 91    4.0 vs 3.0 +31%      0.78* vs 0.31 +152%
	Mar 31 92    3.1 vs 3.0  +5%      0.39  vs 0.30  +30%
	Jun 30 92    2.5 vs 2.2 +17%      0.30  vs 0.17  +76%
	Sep 30 92    2.9 vs 2.0 +46%      0.37  vs 0.18 +106%
	                                * includes non-recurring item

   The stock is selling for only 12 times trailing earnings, a very attractive
valuation.  The stock carries a 99 earnings-per-share ranking (the highest
possible) and a 98 relative-strength ranking.
   The stock's group is "Oil & Gas - US Exploration & Production".  The
relative strength ranking of this group is high but falling.  It is now 88,
but 3 weeks ago it was 99.  These numbers are worrisome.  I usually insist on
seeing a rising trend in the group relative strength.  However, the buy
indications on the stock are so strong that I decided to nibble anyway.
   Prima Energy, located in Denver, Colorado, is engaged in the exploration
and development of oil and gas, primarily in the mid-continent/Rocky Mountain
areas.
   Loyal readers may recall that I have been in Prima Energy before.  I bought
on Sept. 25 at 16 1/2, and sold on Nov. 3 at 20 1/4.
       <Stock chart appears here in printed version.>


SBE Inc.

   SBE Inc., located in Concord, California, manufactures microcomputer boards,
systems and software for original equipment manufacturers and systems
integrators.  The stock is in the "Computer-Mini/Micro" group.  This group
has been gaining favor on the Street; the group relative strength has increased
from 88 four weeks ago to 94 today.
   The stock broke out of a 9-month consolidation period about two weeks ago.
The breakout occured on very heavy volume.  Since then, profit-taking on light
volume has trimmed the stock's price from a high of 18 3/4 on Nov. 10 to
Friday's close of 17 1/4.  I expect this two-week dip is completed; I expect
the stock to resume its upward trend very soon, probably today.
   Earnings for the last four quarters have been on a fast growth track, with
gains of +111%, +64%, +313%, and, most recently, +138%.  Sales over these same
quarters were up +32%, +43%, +65%, and +41%.  The next earnings report is
expected this coming Thursday.  A lot will depend on how good the numbers are
in this upcoming report.
   At 14 times trailing earnings, the stock is a bargain.  The stock carries
an EPS ranking of 99 and a relative strength ranking of 96.
       <Stock chart appears here in printed version.>


National Western Life

   National Western Life, located in Austin, Texas, writes a complete line of
individual whole life and term life insurance in 43 states, the Distict of
Columbia, and several foreign countries.  "Life insurance" stocks as a group
have been gaining favor recently; the group relative strength ranking has
improved from 74 four weeks ago to 79 today.
   Earnings and sales at National Western have been growing at a very rapid
clip, although there is a deceleration in the growth rate.  I usually stay
away from a decelerating trend in the growth rate; however, in this case, the
stock's price is so very very low, that I am recommending it as a buy in spite
of the deceleration.  The stock is selling at only 2.7 times earnings!
   Earnings-per-share for the last three quarters were up +208%, +162%, and,
most recently, +90%.  (Four quarters ago, earnings-per-share were $3.38 vs.
a loss in the year-earlier period.)  Sales in the latest four quarters have
grown +53%, +50%, +32%, and +24%.  The next earnings report is due March 4.
   On Friday, the stock was up 3 1/4 on very heavy volume to close at 42 1/2,
an all-time high, and the first all-time high in over eight months.  This
is a breakout from an 8-month consolidation period.  That consolidation
period followed a very impressive 565% gain in just over a year; the stock
soared from 5 3/4 on Jan. 21, 1991 to 28 1/4 on March 4, 1992.
   The stock carries an EPS ranking of 90 and a relative strength ranking of
82.
   All earnings-per-share rank, relative-strength rank, and group-relative-
strength rank numbers in this buy alert are from Investor's Business Daily.
       <Stock chart appears here in printed version.>
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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-
