Excellent - in that case you would be positively contributing to the supply, relieving demand, and placing downward pressure on the market clearing price. I would (and have) done the same. However, I do not condemn others for taking a different approach. I tend to hold terms like 'morally ugly' back for the rare occasions where they are truly applicable. Otherwise they lose their meaning and we start to run out of words to use when evil really shows its face.
This is true - there are much, much, much worse things than price gouging. But it still isn't pretty.