No, you've got air in it. Keep bleeding it. With the clutch pedal all the way up, crack the bleeder, have your friend depress teh clutch pedal, then tighten down the bleeder, tell him to pick his foot up and let the pedal come up. Add some fluid. Repeat until pedal is firm again. It's JUST like bleeding brakes, but simpler because you don't have to do it 4 times.