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Non-Tech : Associates First Capital - AFS

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To: cowboyfan who wrote (5)	10/4/1997 4:11:00 PM
From: james bisczat	of 44

Well, I took the plunge. Bought several Oct. 65 calls in two trades. My dollar cost average is .50. Premium now 7/8 bid 1 1/8 ask. Not a bad return in a few days. Still holding though. Banking on strong earnings report but not sure if data will be posted before Oct. 18th expiration date. Looks like I will be cutting it very close. Knowing my luck, my calls will end up expiring worthless - all in the name of greed! Thanks for your words of caution. I can see how a person can get burned by buying these so close to the expiration date. Next time I think I'll use your tactic of buying a bit farther out. Lets hope for another record earnings report and a nice fall harvest! JB

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