I sold CYCL at $8.37 today.  Considering the deal with AT&T is $8.50, I think I am close enough to bail (plus the deal is not 100% yet).  So, I was in at $7.46.  This was not a simulated position.  I bought 400 shares.  So, my stats on this deal were:

(400 x $7.46) + $4.50 commision = $2,988.50 basis.

(400 x $8.37) - $4.50 commission = $3,343.50 proceeds.

$3,343.50 - $2,988.50 = $355 net.

$355 / $2,988.50 = 11.8% ROI.

Bought on July 29, 2009, so my annualized return is:

11.8% / 74 days * 360 = 57.4% Annualized ROI