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Trade in my own account and owner of KJP Enterprises.Also Trade stocks for Family and friends.
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  • Bitcoin Auction On Thursday

    On Thursday 50,000 bitcoins will be auctioned off by the U.S.Marshalls Service. This has caught my eye because it validates the legitimacy of Bitcoin as an alternative currency. Why have an auction if they were considered to not have value.Very interesting development in the Bitcoin short history.Who will bid and at what price? .Mark down December fourth on your calendar.This might turn into a milestone event.

    Nov 30 6:10 PM | Link | Comment!
  • Bad Attitude At The Target Crosswalk

    Shopping during the Black Friday weekend went smooth up until Saturday.Friday Night at Kohls was great with minimal hassles and many deals were had.Sometimes your luck lasts only one day so trepidation was in store for Saturday as we headed to Target about 10 miles from home.When I go there on Saturdays once a month I usually read my Barrons in the car while the rest of the family shops.When the clock drags into an hour I usually exit the vehicle to enter to see where the lost souls have found so interesting in the Sea of Red store.I had noticed the crowd getting bigger as the civilians gradually awoke from their slumber.This particular Target has a huge crosswalk in front which seems to attract uneducated drivers to failed to read the part where pedestrians have the right of way in a shopping center parking lot.An angry elderly gentleman waved his hands dismissively for me to proceed granting me " The King's Permission " to proceed. I did not need that order since the rules give people on foot the right to walk into a store without being run over.So I gave him my Jon Bon Jovi pout as I crossed the road.King Midas did not appreciate this face and proceeded to roll his SUV window down to ask me what the problem was.In my world I trade stocks for myself so in a way outside advice is not needed by Type A Supervisors who fail to remember the office is closed on Holiday weekends.Brief banter was exchanged before King Midas proclaimed me to have a " Bad Attitude " for what that is worth.I ended with " Have a nice day " which ironically Bon Jovi once sang.That was it,funny as it will linger as a Black Friday story for many years to retell with a lot of laughs.Be careful out there especially in the Crosswalk and have a nice Holiday.

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: TGT, KSS
    Nov 30 11:07 AM | Link | 1 Comment
  • Predictions For Gasoline Prices

    On Thursday as millions sit down in the U.S.for a holiday dinner OPEC meets in Vienna.At this meeting oil countries will discuss export cuts and what to do about low barrel prices.Robert Hardy of the Geostrat writes " Unless they were to agree to a cut of 8 to 10 percent,it would have virtually no effect on prices". Even if they cut Russia,Canada,and the U.S.A. will have to follow suit in cutting production.Seems like a long shot at the moment especially with Russia teetering on the edge of Recession.The economies of Canada and U.S. are not quite strong enough yet to withstand less revenue.So we have a very interesting play coming up on the grand playing field of global finance.Something game changing may occur on Thanksgiving Day.I would keep one eye on the big game and another on Vienna.The playbook could be getting a huge overhaul in the Oil game.

    Nov 23 5:12 PM | Link | Comment!
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