I was feeling last week a lot of buyers were chasing the stock so I sold out @$8.30. Tried to sell some at $8.95 but it didn't fill before it dropped. Picked up 40K shares at $7.30 - 7.35 this morning.
I don't see much downside risk at this level. With my estimated forward EPS of $0.45 puts CKSW at a 16.7 PE. Software and programming industry adverage is 21.5.
I dont think back down to low 7's or 7 is unreasonable. I mean it hit a high of what 6.95 and then a few days later hit a low of 5.11, thats a 26% drop (and I think that was in the last two weeks. CKSW has had a lot of trading weeks like that. So I'll just bide my time and see what happens.