As I have mentioned in Wallstreak during our pre-market open chat, I closed all my positions at the open. Granted that the fills are not at the favorable price levels, I still preserved a good chunk of the gains before the market rout upwards or downwards if your inverse-ETF.
I did manage to pick up a few pilot long positions in MA VMA WFR JASO and AAPL.
Update 1/22/2008 5:00PM
Closed AAPL pilot position at $143+ after market for a loss of a little over 4 points.