Why are there so many $2.27-asks and -bids in bitstamps order book? Someone with a big ego signalling that he wants the price @ $227?

Looks like Europe will be waking up just a little bit to late to actually profit from this short opportunity.
You are right.

When I woke up the big (usual weekend) crash was already over and it was 3:00 am. Made very little profit on a flashcrash but still a good learning opportunity. Looking forward to the responses (up or down?).
I agree. The bidwall (edit: not askwall, bidwall) on bitstamp is slowly moving down. I buy back in small increments so I won't lose out on an upturn. The ongoing crashing isn't that convincing for buying.
For today its overbought.

Maybe the chinese got a cold.