how does one go about purchasing a few shares of Ford stock without getting too involved. souvenoir value only?

Try Sharebuilder.com, Moneypaper.com or dripinvestor.com. Or just go to a site that sells stocks without a minimum, like ETrade.

Did anyone else buy Ford shares?

..Not " dirt cheap"...but quite content to be up 21% since a buy.....and just as content to hold for awhile.

is now the time to buy shares of Ford Motor Co?

no http://finance.yahoo.com/q/bs?s=FORD

Where do I find the market value of shares for Ford in 2005?

It is easier to find the per share information. And you can also calculate the PE ratio from per share information. From http://money.cnn.com/magazines/fortune/fortune500/snapshots/529.html I found out the earnings per share for Ford for 2005 was $1.05. From http://bigcharts.marketwatch.com/historical I put in Ford's symbol (F) and the last trading day of the year 12/30/2005 and the chart showed the stock closed at $7.72 per share. = a PE ratio of 7.35. If you are looking for an average for the whole year, and want market value, find their e-mail address from www.ford.com, click on investor relations.

What is your opinion on Kerkorian selling off Ford shares at deep loss?

It makes me happy. That sounds mean but he has made so many $Millions in the past. It is time for him to be humble. Ford shares have always been a lousy deal since the Ford family retains all voting rights. That violates the spirit of stock ownership..

Is there one big reason why GM shares are way higher than Ford?

The stock price is not a reflection for comparison between companies. The value is multiplying the outstanding shares x's the stock price. At that point you get the market's perceived value of the company. I like & own Ford. I hold no GM shares. But... you have no clue who I am or what my qualifications are... to act on what I do (or say I do)..... would be incredibly stupid.

Will the average investor have access to the 300 mln common shares Ford will be offering?

The underwriters may keep some for their own account, but much of it will be available to the public

If auto bailout passes will shares of Ford and GM go up?

depends what the market does. If the market is having an up day, they will both go up, if it goes down, they will both go down. If you look at the stocks over the last two weeks, they have both come back quite a bit indicating the bailout is assumed that it will pass. Bailout is already priced in for the most part. BUT if it doesn't get passed, GM will drop like a rock, and F will follow.

When will Ford Motor Company (F) shares be fully valued?

Anyone that knows the answer to this is either lying to themselves... or to you.

What do you think of my idea about the economy? Ford and GM shares better than Lottery tickets?

Unique idea you have there. Except for all the red tape where Gupta needs to get his brokers license, you would have better odds with the stock. Perhaps a vending machine ? Did you know Buicks and Chevy's are THE hottest cars in China? GM sells more Buicks in China then in the USA!