Sell All Ultrashorts now!
Many of them will lose half their value in the next couple of weeks. Particularly hard-hit will be TWM and DUG. DUG is short oil stocks. Exxon has dropped 25% in the past two days--XOM is more fiscally sound than the US Government, Exxon will be back. Get out of the ultrashorts. Now! Going long is dicey, I am, but only in small bits via calls where I don't mind losing 100% of my position.