
Here are the litany of things I am doing
SHORT SIDE
Covering Valueclick (VCLK) around $10.05 - all of it, nice quick profit of about 9% in 6-7 sessions with 4% of the fund. I will reshort on any decent bounce (+6-7%)

I'm taking a touch off Wynn Resorts (WYNN) for a 10% loss, down from a 20% type of loss middle of last week. This one was a mistake on my part since I did not realize earnings were the day after my short position so we're just looking to save face here and take manageable losses. Anything above that is icing on the cake.
Covered 20% of Caterpillar (CAT) for "flat", if market breaks down will get that exposure back later in the day or week.
Covered 50% of Riverbed Technology (RVBD) around $19.40 - will look to add back exposure on a bounce. Quick 5% profit locked in on half of the 4% exposure.
LONG SIDE
Limit order to buy Longtop Financial (LFT) down -13% today, hit.
Began position in E-House Financial (EJ) down -13% today
The above two if they begin to falter more I could be out of in an hour or two - these are not core positions at this time.
Added (still going slow) to a core position in AsiaInfo Holdings (ASIA) - we only had a starter stake (0.1% stake) so this would stand front and center rather on a watch list, but now its fallen quite a bit more so we are adding another batch. It is still not yet a 1% stake.

(post in process and to be updated during day)
Earlier posts on some of the names mentioned above
[Aug 12, 2009: E-House Holdings (EJ) Benefitting from China Housing Bubble 2.0]
[Jun 12, 2009: Beginning Stake in Longtop Finanical]
[Aug 7, 2009: Niche Play on China Telecom - AsiaInfo Holdings]
[Aug 12, 2009: Bookkeeping - Buying Oct 95 SPY Puts]
[Aug 7, 2009: Bookkeeping - Short Valueclick]