The speculators (and mums & dads) are back.

Now here's an interesting thing. We have posted an image of an article (write-up) about POS Media, that went into Saturday's AFR Weekend Edition 3-4th of June. Relate this to the chart.

5th of June, the next days trading, a top. I see this often. Dow theory can teach us a lot here: If it's in the news........

What I find more interesting is the run up Thursday and Friday into the weekend. Coincidence? I find myself, the market somehow always seems to know these announcements or write ups are coming.

PS, unrelated to the above: I note with great interest the latest government GST/oil company stoush. For me this gives great insight into who holds the real power in Canberra. There is no way the government (little Johnnie) would dictate/threaten the oil companies if they held any strategic importance to the government. Observe that the government would never come out all guns firing against our media barons, the 6 o clock news slot being too important. Much more economic value is now being created via spectrum/telecommunication and the global rights attached to this medium than in the oil fields. Oil's had its day.

Watch events closely for relevant listed spectrum owners. It's what the government doesn't say that's more important. Remember, Senator Alston has guaranteed the free to air TV stations no competition till 2007. The government will have to now defend that decision and future legislation will be designed accordingly.