Attached is the daily chart of MYOB from listing back on 9 July 1999. What we notice with interest is how the chart topped at 5.49 on the 28 June this year. Given that MYOB is in the business of selling Accounting software it is obvious to us why this topped at this time. Simply the introduction of the GST on the 1 July this year, meant most small businesses had to buy new accounting software that could cope with GST. So the stock ran up into the introduction of the GST, on the back of the earnings increases it received due to the GST. Of course it is all very easy in hindsight, but this was more obvious than most to see eventual movements.

We notice now however that MYOB is being taken to court for possible overvaluations of it's assets back earlier this year. How times change very quickly.