Looking at MtGox Live, I've never seen asks and bids so lopsided before. Looking at the number of bids we should have a very firm floor to not go below $6. Asks have retreated to a fraction of bids.
Interesting times. Eating popcorn and watching the action.
Remember when rallied when bids were a tiny fraction of asks? It's like that. The order book is not to be trusted.
Ok, I trust you are buying massive amounts of coins now then. right? RIGHT!?