So are you thinking of shorting?  Or just plain sell and buy back when price goes lower?  I would rather hold for now, seems bulls are not tired yet.  Probably we can see as high as $1600 this month.  There are still lots of good news coming and fresh funds to flow in bitcoin economy.  I think there are several major company from Japan who wants to venture in Bitcoin so I guess that is enough to push Bitcoin price abit more higher.