The Evil Diaries: Rob Terry, Morgan Stanley and Glencore

Correction: The item covering the Srebrenica memorial stone which I offered yesterday was incorrect in two respects. The first was the date which should have been 11th July 2015 and the second, rather more important, was that it was not several hundred Muslims who were slaughtered but 8,500 men and boys.

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It is worth bearing in mind that almost invariably fraudsters run right out of money in the end. They never keep a reserve stash. Their pleasure lies in deceiving people on a regal scale. It is certainly not derived from running businesses. As anyone with any experience will confirm, involving oneself in a business without ensuring that it is run as well as one can practically arrange is a major error. I predict that this is how Rob Terry will come off the rails even if he does not visit prison – which latter development seems probable to me.

I need hardly add that Imaginatik (IMTK) must come down from its current 7p. My target is around 3p. Similarly, Daniel Stewart (DAN) must also collapse.

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Morgan Stanley trumpeted on front pages this morning that we now confront a major buying opportunity for equities in relation to bonds. Possibly. But the buoyancy of FTSE thus induced offered a gimme short of FTSE. The other firm to note which has a mesmerising effect upon investors is Goldman Sachs.

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Finally, Glencore (GLEN) is getting boshed again today. I have had a quick glance at the accounts. These suggest that the bulls’ patience will be rewarded. I am not so sure. One really does not know/cannot tell what special clauses, currently hidden, will kick in in due course. Now 128p.