I can't be the only person 100% short on Bitcoinica, chanting BURN BURN BURN while watching MtGox Live, and taking sick satisfaction in watching every single attempt to prop the price met with a sell off.
I'm sure you aren't. The question you should be asking yourself is, "What is going to happen when everyone who is short has to buy shares to cover?"
My guess is most of the kids shorting BTC have absolutely no idea what they're doing and are going to lose everything as soon as one blip triggers their margin calls.
As an experienced trader, I can tell you that it's fun to watch a stock you short keep dropping... However, it's 100x as fun to watch the shorts make a mad dash to buy shares to cover their shorts once the price starts rising. Anyone who has ever been involved in a short squeeze wouldn't dare be shorting BTC at a price this low. You're about 2 months too late. My guess is you were a bagholder on the way down, and are about to lose the rest of your investment on the way up. But please, keep adding to your short positions daily. Soon you'll be adding something else to your shorts...
If this thread isn't screaming bullishness to the contrarian investor, nothing is. Anyone know how many bitcoins are short on Bitcoinica right now? I'm hoping it's about 7,000,000.