Wait for Jorge's sleep time thingy and see if it holds... Don't forget it will fizzle if Gox is quiet as a church mouse for another week.
The positive to take from this, if Gox does come up with a positive announcement - it will go nuts. It's such a drag, lifting it, even slightly will produce huge jumps.
Looks like the prediction will be dead wrong again (less than 2 hours for the price to fall 240 CNY, from 3640 to 3396...)
But perhaps this will be another sleepless night in China, and I will be excused because of that.
As for what will happen when MtGOX unclogs the drain: note that they already said that withdrawals would be limiited for some time.
The question is what wil happen after that time. WIll they remove the limits, or declare insolvency?
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
Neither.
They will either go down or open up with limited withdrawals, in my humble opinion.
I think they probably will not disappear.
I have no doubt someone would probably buy it from MK, but I also reckon he
can't sell, as he probably will have some things to hide, and due diligence would find them.
So - it will open, but with restrictions. I think Andreas said 2-4 weeks was his guess, so within 2 weeks-ish we 'should' know if it is capitulation or a restricted opening.
With opportunities to sort out any solvency issues due to Gox's ability to buy their own exchanges coins so cheap, I can't see insolvency (unless they are completely stupid). So - let's wait and see.
I think it's better than 65/35 in favour of them opening, or I would have sold on Bitcoinbuilder by now.
For the market as a whole - Gox recovery will be pretty stellar, although it will itself be a wounded animal and may find not enough traders will want to risk it there in future, making it too tough to compete as they have done.
So - short term: Limited fix and a re-opening of sorts (maybe with reduced fees) - price goes up on all exchanges, but things are volatile.
- medium term Gox slides into irrelevance and has too little market share to really matter at all.
- long term MK sells or Gox disappears when any whiff of another problem shows up.