BMC Media came under ASX scrutiny last week for a sharp increase in it's share price. Much was written in the Financial Review on Friday 14th and Saturday 15th July. The reply from BMC management was that it had no explanation for the rapid share price increase, only to release details of a capital injection and Nasdaq listing several days later. In addition, former NSW Premier, Nick Greiner is one of the Directors of BMC Media and was unavailable for comment as he was overseas.

Have a look at the chart of BMC Media. You can clearly see that this stock was in an up trend since the start of July, marked by the arrow. Also notice when the volume started to pick up. Somebody was buying up on this stock and knew that good deals were being made. I find this all too familiar, and even less surprising that a former politician is a Director. We stress again to follow the chart as it will tell you in advance that news is coming on the company. It has also been our experience that sometimes, just sometimes, the chart also tells you on which day the news can be expected.