On the whole, I think the price is destined for the toilet. That said, you have to go long. Not only are there a lot of shorts to burn, but there are a lot of shorts who are paying 73% annual interest (obviously, they'll only hold it open for a few days), plus transaction fees, plus about a half percent slippage on the spread... it's simply too expensive to short. Assuming people aren't complete morons, that means no leveraged sell pressure.

It's just too easy. It's free money at this price.