Wanted to add that I pulled all my funds out of mt. gox. I don't want to take the risk that mt. gox. could be one of the people who has been buying large amounts of bitcoins on other peoples money. That is why they have continued to keep throwing money into bitcoin as it has been dropping as a last chance to save themselves.
Since they can't save themselves or the price, I don't want to be part of their ponzi scheme failure.
I also will not be buying any bitcoins at this point because more than likely the price will be going down way further. I do not see any reason that will change my mind at this point. I think bitcoins will eventually fail and go under $2 and probably $1 dollar with time.
SO to be safe I'm getting my money out.
As I've been saying for months, "If you're not out, get out". Do not leave significant cash in any "exchange".
We're going into the endgame now, and it may not be pretty.