This is the best call in the entire thread.
Of course... if either Nagle or Foo was confident in their predictive ability, they would've shorted btc at 5:1 leverage on Bitcoinica and made a fortune. They can still short if they're confident. But I'm guessing they prefer to make predictions without backing them.
Enjoy your euphemism. The rest of us are building stuff.
Agreed (with your entire post; I just snipped it for readability)
This was shortly before that meelba incident too... or around the same time. Bitcoinica provided a great service... in a real bear market. Wonder how Bitfinex is doing...