GM, Goog & MSFT

billogoods · 07-05-2005, 10:34 PM

Last week Tuesday (one week ago), I purchased these stocks, all recommended by JC on CMM. So far, at the close of business today, I'm:

(a) down $10 per share on Goog (serves me right, should have known any stock that hasn'thad a down day in months will if someone talks about the fact on national TV);

(b) down $.67/sh on MSFT (for all of Cramer's reasons, not the least of which is that Longhorn will be out in beta on time and the market is huge). I'm thinking, it's an excellent long term play until a month or two before the final version of Longhorn is headed to market); and

(c) up $.36/sh on GM. I live in the Detroit area. I have never purchased an auto stock. They are crap as investments. By the same token, I have never purchased an import---always a Ford, Mercury, or, now, the Jeep, out of pure loyality to my region.

But in the "tonie" suburbs, and the top tier private schools in town (where the parking lot for the students is filled with all the expensive rides and puts the parking lot for the teachers to shame), the buzz for the last several months has been that the rich, famous, and wanna-bees are selling their luxury imports, like Lexus and Saab, and buying the Caddie, usually the big SUV, what is it, the Escalade? So, for the first time in my memory, GM has "cachet."

In addition to its cost cutting, this could be a great play if there ever was one in the autos (I'm sure there has been, but I've made it my business not to care until this opportuity presented). I'm holding GM until at least October or November and reevaluate then. Exception: the stock drops more than 8% from my cost basis of $34.41.

I'll let everyone know how I progress and if I make further buys in the CMM Portfolio.

oldfox · 07-19-2005, 12:00 PM

In his annual Bastille Day interview--sent over C-Span2--Jacques Chirac just commented that Google is putting the entirety of American culture on the internet (impliedly under the Google brand!). This to him is of great concern and the Biblioteque Nationale as well. He said that France must meet the challenge and digitize all of French culture and get it on the internet as well.

Buy GOOG before it is too late, Jake.

GOOG is now at 306.36 bid and 306.44 ask, up 6.95

My angle, being a law libraraian, is that Google has the money and the trust to enable them to finally clear up the muddiness and insecurity associated with the Fair Use doctrine in the US and the fair dealing doctrine in other common law systems. Their work digitizing these great repository libraries will draw them into it. If France goes one way on (c) doesn't the EU make everyone follow?

http://oldfox.info

Alex Smith · 07-20-2005, 11:07 PM

youre right about gm not having th same appeal as lexus bmw audi and that group...i go to cranbrook the ride of choice seems to be a pick-a-number bmw (even though i have an audi)

dog · 07-26-2005, 11:55 PM

So what's up with this "Tech Rally"?

Do people expect this to be a long term rally through 2006? When do you expect to have to dump?

Cramer's target for GOOG is 350.

What about MSFT, INTC, YHOO????

I don't expect late 1990's growth and I expect I will have to dump quickly when the time comes.

07-05-2005, 10:34 PM	#1
billogoods new member Join Date: Jul 2005 Posts: 2	GM, Goog & MSFT Last week Tuesday (one week ago), I purchased these stocks, all recommended by JC on CMM. So far, at the close of business today, I'm: (a) down $10 per share on Goog (serves me right, should have known any stock that hasn'thad a down day in months will if someone talks about the fact on national TV); (b) down $.67/sh on MSFT (for all of Cramer's reasons, not the least of which is that Longhorn will be out in beta on time and the market is huge). I'm thinking, it's an excellent long term play until a month or two before the final version of Longhorn is headed to market); and (c) up $.36/sh on GM. I live in the Detroit area. I have never purchased an auto stock. They are crap as investments. By the same token, I have never purchased an import---always a Ford, Mercury, or, now, the Jeep, out of pure loyality to my region. But in the "tonie" suburbs, and the top tier private schools in town (where the parking lot for the students is filled with all the expensive rides and puts the parking lot for the teachers to shame), the buzz for the last several months has been that the rich, famous, and wanna-bees are selling their luxury imports, like Lexus and Saab, and buying the Caddie, usually the big SUV, what is it, the Escalade? So, for the first time in my memory, GM has "cachet." In addition to its cost cutting, this could be a great play if there ever was one in the autos (I'm sure there has been, but I've made it my business not to care until this opportuity presented). I'm holding GM until at least October or November and reevaluate then. Exception: the stock drops more than 8% from my cost basis of $34.41. I'll let everyone know how I progress and if I make further buys in the CMM Portfolio.

07-19-2005, 12:00 PM	#2
oldfox new member Join Date: Jul 2005 Posts: 1	GOOG: Jacques Chirac issues a Buy on Google In his annual Bastille Day interview--sent over C-Span2--Jacques Chirac just commented that Google is putting the entirety of American culture on the internet (impliedly under the Google brand!). This to him is of great concern and the Biblioteque Nationale as well. He said that France must meet the challenge and digitize all of French culture and get it on the internet as well. Buy GOOG before it is too late, Jake. GOOG is now at 306.36 bid and 306.44 ask, up 6.95 My angle, being a law libraraian, is that Google has the money and the trust to enable them to finally clear up the muddiness and insecurity associated with the Fair Use doctrine in the US and the fair dealing doctrine in other common law systems. Their work digitizing these great repository libraries will draw them into it. If France goes one way on (c) doesn't the EU make everyone follow? http://oldfox.info

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07-20-2005, 11:07 PM	#3
Alex Smith new member Join Date: Jul 2005 Posts: 4	youre right about gm not having th same appeal as lexus bmw audi and that group...i go to cranbrook the ride of choice seems to be a pick-a-number bmw (even though i have an audi)

07-26-2005, 11:55 PM	#4
dog valued contributor Join Date: Jul 2005 Posts: 88	So what's up with this "Tech Rally"? Do people expect this to be a long term rally through 2006? When do you expect to have to dump? Cramer's target for GOOG is 350. What about MSFT, INTC, YHOO???? I don't expect late 1990's growth and I expect I will have to dump quickly when the time comes.