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This column was originally published on RealMoney on Oct. 6 at 1:37 p.m. EDT. It's being republished as a bonus for readers.

Thesis changed. Bummer! If you have held

General Motors

(GM) - Get General Motors Company (GM) Report

through this gain, I believe you have to take something off the table right now when it is only down a buck and change.

You cannot have as good a stock

without Jerry York on the board as you have had with him.

If I owned


(IBM) - Get International Business Machines (IBM) Report



and York had resigned from their borads, I would have sold them because I wouldn't have had enough faith in entrenched management to get you there.

Too dicey.

GM's a good story. But it is now a not-as-good story.

I like GM CEO Rick Wagoner knowing that Jerry York is in there helping him. I don't like Wagoner without York. This is a victory for the old regime.

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The old regime is what dragged down the stock to begin with.

Not good. Not good at all.

Can't pretend that it is.

Random musings:

Upon closer review, this


(AG) - Get First Majestic Silver Corp. Report

is more worrisome for


(AG) - Get First Majestic Silver Corp. Report

than I

thought, because weakness is now in North America. I don't think it can be all sharetaking from Deere, and Deere has had a big run from $66.

At the time of publication, Cramer had no positions in stocks mentioned.

Jim Cramer is a director and co-founder of He contributes daily market commentary for's sites and serves as an adviser to the company's CEO. Outside contributing columnists for and, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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