All my shorts went down in a 100+ point up day, except HPQ, where I am down $200, but will get that back and more next week when the volume dries up and the market tanks. Could drop a dollar, but I think at least 50 cents on Monday. If election in Italy goes south, this market will sell off, as it went up today because of strength in Germany, and short covering. I think people jumped the gun on this sequestration/debt issue, as you know they will settle it, but not until the last second. They will make everybody sweat.
I don't generally trade them. I was trading a silver stock a bit, but took it off my screen. When fear increases, gold & precious metals go up. Platinum & uranium can be added to that group. In six months, before the Fed pumping stops and when interest rates begin to rise, gold will go up.