I'm in a state of disbelief after finding a contract note in my email inbox this evening for 1000 CPB shares for which I did not enter a buy order.
Yesterday I had a friend here who was thinking about shares and wanted to know how the process of buying shares happened.
First I used CPB as an example of a company whose SP was doing very well, but which I wouldn't buy because of their level of debt.
Then did the first stage of an order for 1000 at $15.00, and clicked through to the final screen which contains the instruction 'PLACE BUY ORDER' and requires insertion of password.
Then exited that screen. At no stage did I insert my password or click on PLACE BUY ORDER.
As it happens, the stock is up on the $15.00 Buy price, but I still don't want it.
Has anyone else had this happen?
I would imagine that E-trade will have to be able to demonstrate that I have inserted password (which I didn't) or reverse the trade.
Heavens, my heart turns over when I think of the several times I did pretend buy orders for Brisconnections to demonstrate that E-trade advised there was $2 to pay.