@mike678 : Where the hell do you live to get electricity that cheap? Dammit, I am jealous 
Here in Germany mining has become nearly non-profitable.
The north eastHere in Germany mining has become nearly non-profitable.
You don't now economics. Most miners will sell at 11 dollars (still a very good profit) and you will be stuck with them when it goes to 10 then 9, 8, 7 etc.
We wouldn't be investing in bitcoins directly or mining if we didn't think the price was going to go up. I have seen plenty of people suggest buying bitcoins directly obviously those people think its the low end as well yet they don't get as much criticism.