Click's steep drop from $6+ per share generated investor concern there might be an "uh oh... we're going over the cliff" scenerio (ie: Bear Sterns) about to impact the company and its revenue stream.
In contrast, in both investor presentations and the last conference call Moshe Ben Bassatt indicated the company's business plan was solidly on track.
CKSW is only three business days away from the end of Q1 and the share price is showing hints of a rebound. It may be that "over the cliff" concern is gradually being replaced with a recognition Click may have over-corrected on the downside.
A solid Q1 profit and positive cashflow should help keep the share price above $3 and perhaps move it higher. Given the company's solid backlog and deferred revenue coming into the quarter I like their chances of delivering.
Fuji, Love your optimism.. I know we both have a sig position here so I always enjoy hearing something positive... Still, I would not read much into the Blip up we had in the last week, CKSW usually does run a bit into earnings, but Mr. Market is clearly not impressed with Click's outlook.. I hope Mr. Market is wrong and I really do think we are pretty close to the bottom here, but Moshe has held negative surprises to the CC before and he might just have one up his sleeve this time too... becareful...