08-21-2015, 08:00 AM
If this morning starts out down, which looks to be the case, we could have a very steep temporary drop as stop loss orders get taken out. I've got GTC limit orders in place for all of my long term positions. All are 10%-15% below yesterday's close. I don't expect any to hit and fill, but one never knows. It is certainly nice to have the cash available and the GTC orders in place, just in case!
Alex