Cheyenne Software - Will it be bought by Computer Assoc.? Message Board

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Technology Stocks : Cheyenne Software - Will it be bought by Computer Assoc.?

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To: Jerry J. Kaczur who wrote (77)	4/27/1996 12:29:00 PM
From: Shell R. Poust	of 130

Jerry ,good to hear from you.I thought for awhile Cheyenne was forgotten. Since the earnings report didn"t make the stock go down,I purchased more on Friday morning at $22.3/8 and sold Mays call options at 2-1/8 .With the use of margine account,mine return for 3 weeks will be 19%. I find companies like Impx interesting but when does one get in and out ?- perhaps the purchase of calls and puts would be less risky? I personnally believe with the high premium on calls, there must be investors who see opporunity in the near future with Cheyenne Shell

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