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.