Not a direct charge - ComSec would not let me buy the 6400 that were there at 38.5c because it was 10% up on the last sale (at 35c) due to it being too far above the market. I spoke to someone at ComSec and he said announcements made no difference. When someone did buy the 6400 at 38.5c I was then able to buy my 50,000 at 39c and 40c. Had I been able to buy the 6400 at 38.5c it would have reduced my purchace at 40c by 1,5c for 6400. That is 6400 x 1.5c = $96.
The $96 is not a big deal, but if the announcement had been for an engine contract, say, then it could have been a huge loss.
OEC Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
