Friday Review - SiRF and GM

In the past few days I wrote about General Motors Corp (NYSE:GM) and SiRF Technology Holdings Inc.  (NASDAQ:SIRF) and talked about how they were trading at good entry points.  Turns out Mastery wins again, SiRF shares are up 20% since Monday and GM is up 15% proving that it's all about...Rick James Style baby

Everyone heard about GM, they announced a $3.3 billion loss, or 62 cents per share for Q1 2008 and plans to lay off approximately 3,500 hourly workers.  Sounds horrible, but it beat Wall Street's expectations. Analysts surveyed by Thomson Financial had expected a loss of $1.60 per share. You have to love low expectations, thank you U.S. Recession.

What I like more is what I wrote about last weekend:

General Motors (GM) to cash in on China's Big Car Craze  

It's 1999 back in China when it comes to their love of the Cadillac Escalade and General Motors Corp (NYSE:GM) is once again going to cash in. Hard to believe?  Believe it.  China auto sales are expected to grow 15 to 20% this year. But demand for the biggest vehicles is even stronger, with sales of luxury cars and SUVs expected to surge by 40 to 45%.

There's still room for GE shares to run, best of luck playing it.

Then there's SiRF, on May 27th I wrote SiRF Technology (SIRF) worth a look

One of the largest producers of GPS chips is trading near a 52-week low and sells for only $5.37 a share, the company?

SiRF Technology Holdings Inc.  (NASDAQ:SIRF).

The 5 day move is beautiful:

Turns out shares were worth looking at.  If you played this one, take some gains, SiRF still needs to win the hearts of Wall Street analysts, so use caution.

Enjoy the weekend Masters, just pointing out that reading our free crap can help pay the bills.