No that's great traffic for a dropped name!
I am referring to my rankings of some of my sites. At one point I had bjsgazebos.com with no incoming links and myself and several others were working on it for like 4 days and the ranking was at 500,000 and there was almost no traffic and my site boarder.com was getting 100 uniques a day and was like 2 million and then over time it went down to like 500,000 as well.
It's funny but the alexa rankings never agree with my actual stats but it is still an awesome tool which I use every single day.