Yes, but how long will this bearish market last. We've already experience a long battering of techies for a few weeks now. Many stocks have been trimmed 60%-70%-80%. Just like when the techs were getting pummelled and near their eventual lows in 2002, nobody saw the market as if it was poised for a serious reversal.
It appears most tech stocks are finding more proper valuations and could very likely move up from here. Earnings and balance sheets look MUCH, MUCH better for most remaining tech stocks than they ever have, even during their ridiculously overbought valuations in 2000. IF we see a recovery from the recent tech drop, CKSW could be poised for solid gains.