Bit lower and I'll buy another few! I am going to reach my overall coin target much sooner than expected. Yay.
Let's recap. US regulation incoming. New fund opening 1/8/2014. Lots of coins need to be accumulated off exchange. How best to ensure a great price? Technical dumping on exchange to get the momo traders selling the price down. Acquire coins. Manipulate price upwards by removing selling pressure and some technical buying. Job done!
I expect that this is exactly what is happening.
Manipulate the price downward on the exchanges to keep downward pressure on the off exchange price in order to accumulate enough bitcoin en mass for the new opened fund.
Then when the price finally goes up there won't be any coins left for sale on the exchanges, cue face-melting rally.