MTgox is still a very shallow market. It doesn't take much panic to move the markets considerably. I worry about starting a boulder rolling and not being able to stop it.
Didn't that happen yesterday when BTC was trading at 10$?
23.27$ as I write this.
A small pool of investors is manipulating this market's shallow froth to tremendous gain. The boulder looks like its on strings.
I'm just not sure I buy that conspiracy theory. Maybe I'm wrong, but I just don't think the market is 'dancing to the stings' of some people trying to make a profit.