Still waiting to get back in. Until NASDAQ hits 5,000+ it seems LABD will continue downward...possibly as low as $30. That said, given that we're seeing the highest median valuation ever, the markets could begin plunging any day, and I could miss the low by a significant amount. Like every extremely overvalued market in history, this one will end badly.
Every "less than horrible" event the past 7 years has been fuel for a new rally. It's remarkably consistent and predictable. This one is no different and likely won't be the last. The momentum has been with the bulls since Feb 11, mostly because weak shorts have been doing the usual run-for-cover thus unintentionally prolonging this tired bull market amidst a less-than-horrible environment.
Shorting is a super high risk strategy and really should be reserved for those who have a) lots of cash to withstand a run up b) high EQ and c) tremendous patience. This should eliminate most would-be shorts, but unfortunately with the book/movie The Big Short, many decided they could be a player, too. Most will lose money.
Speaking from painful, hard-won experience, my advice to most shorts is to get out of the markets altogether and wait until they drop 40-55% and then buy as much of the best companies you can. Good luck to all!