i should go cover my short...
There's something like 30k coins worth of bids between $100 and $105. It's tempting to say that this may be the bottom for the time being.
ya, placing bid and hoping mtgox stays low!
the exchange i use needs time to catch up

If that's Bitfinex, then you're out of luck. They do whatever the market is going to do before the market does. If the price is high there, the price will rise, if it's low there, the price will fall.