The market seems to be going our way. Since the weekend’s note suggesting and others, this has happened:
- The Kelly Letter bought key Hurricane Katrina reinsurance company at $19, probably more than you paid. It spent plenty of time below that price for you to get a better deal than I’m recording for my performance tracking. Good for you! The stock is already at $19.35, a 1.8% gain.
- Prime Minister Koizumi won Sunday’s election in a landslide, and he brought a slew of key allies with him. Japan should see some excellent reforms coming along, including the Japan Post savings being liberated and put into the economy. That is very bullish for the world’s second-largest economy. As noted in the Sept. issue, however, I’m waiting for a slight pullback to enter . We are getting it. The fund slid 1.4% today. I’ll let subscribers know with plenty of time to act when I decide to buy.
- Beaten down E-commerce company hit my buy price of $6 today and The Kelly Letter bought. It closed at $6.02. If you did not buy yet, don’t fret. You’ll probably have a chance to, yet again, beat me with a cheaper buy price. I hope you do!
- The other buy positions in the September issue are coming into range. Just today, fell 2%, fell 3%, and fell 2%. Keep the buy prices the same, except for . Lower its buy price to $7.50 from the Sept. issue’s buy price of $7.75. We may just be able to squeeze a little better bargain out of it.
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