This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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Friday, February 19, 2010
When CEO Exits : A look at MSFT, BHP & JB HiFi
2 has been. 1 is to come.
Microsoft Bill Gates exited, stepped down as CEO of Microsoft on January 2000. What an ideal exit. Started at the bottom, exited at the top. Commencing the New Millenium on a philantropic foot.
BHP's Chip Goodyear. CEO of BHP from 2003 to September 2007. BHP listed on NYSE was about $10 when Chip started as CEO. The stock price went thru 7 fold increase when he exited when stock prices was about $70+. Dream Run.
JB HIFI's Richard Uechtitz did no worse if not better. JB HiFi's share was about $2 in 2003. Now at the time of announcement of stepping down as CEO, shares is trading at about $20-$22. A Ten fold increase in stock price from start to stepping down. Fantastic Run !!
However, 2 has been. We know now what happen to the shares after that everything else being equal.1 is yet to come.........JB HIFi has completed a 5 wave. A Retracement is yet to come.....the great sale ahead ??
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