I bought a parcel of Rio Tinto shares @$64.41 Friday 22nd May.
On Wednesday 3rd June I placed a sell order @$71.58-Due to a comedy of errors on my behalf,I typed in an incorrect SRN-order was rejected.
I knew that on Thursday 4th, the market especially the materials sector,was in for a rough day.I amended the sell order down to $68.54-no takers
Friday(5th) being at work was unable to find out what exactly transpired with Rio Tinto.Later in the afternoon I was able to check and I found out that my amended order(@68.54) was executed.
I was happy,but then at the same time,I checked the current price of RIO out of curiosity and it was about $73.I thought I missed out on some extra profit
I looked at the order in more detail and saw that my shares had been sold not for $68.54,but for $75.00.
I'm certainly not complaining,but would anyone have an idea of why Commsec sold the shares at $75.00?
I know it was quite a dramatic day for Rio Tinto.