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Sterling Investment Services has recently initiated research coverage on Sun River Energy, Inc. We feel that this company has excellent long term potential and is worth taking a serious look at. Additional information on Sun River Energy, Inc. (OTC BB: SNRV) can be found (here)


The October 27th edition of the Sterling Weekly is now available. A copy of which can be viewed (here). Please feel free to sign up to receive this edition of the Sterling Weekly when it is available.

 

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Hottest Deals of the Week

PRIME STOCK NEWSLETTER FOR October 21st, 2008

(If you do not see today's edition, please hit the refresh button)

Position Statement: In our Prime Recommendation Letter we attempt to identify the recommendation with the highest probability of moving higher.  We recommend that stop orders be placed at the time of purchase,  and once the position has moved profitable we recommend a stop be placed a minimum of $0.375 above the purchase price and moved higher as the position moves higher.

Today's Comments: The overall market moved sharply higher yesterday in a broad based move that saw every sector index I track move higher. It looks like the market is poised for at least a short term rally, as I am expecting the Dow Jones Industrial Average to continue to move higher and test 10,325.38 However I think any rally beyond that level may prove to be difficult. The Bottom Line: The overall market should move higher.


Sterling Calendar for October 21st, 2008
Economic Calendar
Date Est. Time Release For

Briefing.com

Consensus Prior
10/20 10:00am Leading Indicators Sep. N/A (0.3%) (0.5%)
1022 10:35am Crude Inventories 10/18      
10/23 8:30am Initial Claims 10/18      
10/24 10:00am Existing Home Sales Sep.   4.93m 4.91m
Date: Misc. Calendar:
10/21 3M Company 'MMM' announces earnings. Time N/A. Est. $1.39
10/21 Apple, Inc. 'AAPL' announces earnings after the close. Est. $1.11
10/21 BlackRock 'BLK' announces earnings before the open. Est. $2.06
10/21 Caterpillar 'CAT' announces earnings before the open. Est. $1.42
10/21 DuPont 'DD' announces earnings before the open. Est. $0.51
10/21 E*Trade 'ETFC' announces earnings after the close. Est. ($0.26)
10/21 Freeport McMoran 'FCX' announces earnings before the open. Est. $1.52
10/21 National City 'NCC' announces earnings before the open. Est. $0.31
10/21 US Bancorp. 'USB' announces earnings before the open. Est. $0.47
10/21 UAL Corp. 'UAUA' announces earnings before the open. Est. ($2.48)
10/22 Amazon 'AMZN' announces earnings. Time N/A. Est. $0.26
10/22 Amgen 'AMGN' announces earnings after the close. Est. $1.26
10/22 McDonalds 'MCD' announces earnings before the open. Est. $0.97
10/22 Boeing 'BA' announces earnings before the open. Est. $0.99
10/22 Wachovia 'WB' announces earnings before the open. No est.
  The full earnings calendar for this week can be found (here)

Recommendation: Sell/Short

Research In Motion 'RIMM'

Company: Research In Motion Symbol: 'RIMM Closing Price: $53.91
Web: www.rim.net YH: $148.13 YL: $50.22 EPS: $3.07 P/E: 17.6

Shares Outstanding: 565 Million

Forecasted EPS:.$4.76 Market Cap.: $30.5 Billion
Dividend: N/A Yield: N/A Aver. Daily Trading Volume: 25 Million Shares  
Price Targets:  $51.61, $49.44 and then $48.92 Upside Stop:  $55.43/share
Options Rec.: November 50 Puts @ $3.55/contract Options Symbol: RFYWJ
Additional information on Research In Motion "RIMM'' can be found (here)

Company Description: Research In Motion Limited engages in the design, manufacture, and marketing of wireless solutions for the mobile communications market worldwide. It provides platforms and solutions for access to time-sensitive information, including email, phone, short messaging service, Internet, and intranet-based applications. The company�s technology enables an array of third party developers and manufacturers to enhance their products and services with wireless connectivity to data. Its portfolio of products includes the BlackBerry wireless platform, the RIM Wireless Handhelds product line, software development tools, and other hardware and software solutions. The company�s BlackBerry wireless solution comprises wireless devices, software, and services. It also enables the use of personal information management functions, such as calendar, address book, task list, and other functions associated with personal organizers. In addition, Research In Motion offers BlackBerry Mobile Data System that allows users to access data from enterprise applications and the Internet; BlackBerry Internet Service, which allows the integration of up to 10 supported email accounts on the same BlackBerry smartphone; and BlackBerry Enterprise Solution and BlackBerry Internet Service that allow Internet browsing and full phone functionality on the user�s smartphone, as well as offers a range of multimedia capabilities. Further, it licenses BES software, as well as offers client access licenses, technical support, and upgrades. The company distributes its products through wireless communications carriers or carrier partners. Research In Motion was founded in 1984 and is headquartered in Waterloo, Canada.

Chart for Mosaic CompanyChart updates daily

Recent News: 10/21 Will Microsoft Buy Research in Motion? at BusinessWeek (Tue 8:08am)
  10/21 RIM Offers Testing for Phone Software  at The Wall Street Journal Online (Tue 12:02am)
10/20 RIM shares down after analyst sees slow sales AP (Mon 6:00pm)
A full list of the news headlines for Research In Motion "RIMM" can be found (here)
Our Analysis: The shares of Research In Motion "RIMM" set a new yearly closing low on heavier than normal trading volume yesterday. This is a very bearish trading signal. The shares of "RIMM" should continue to move lower and test $51.61/share, a former point of upside resistance established in early May of last year that is now downside support. If the shares of 'RIMM' close below that level then they should continue to move lower and test $49.44/share, another point of former upside resistance that is now downside support. I think there is a reasonable chance we will see the shares of 'RIMM' close below that level and test our lower target of $48.92/share. I see upside resistance on the shares of "RIMM" at $55.05/share, and have set my stops accordingly at $55.43/share.

Stocks Looking Higher

EBS, LPHI, UFI, GE, PFE, TWX, CHK, MOT, BTU, UAUA, SU, AKS, HK


Stocks Looking Lower
SNDK, SSCC

Yesterday's Edition of the Prime Stock Newsletter
The Sterling Investment series of newsletters is produced by Sterling Investment Services, Inc.  If you would like to receive a chart on any index or stock mentioned in this report please contact us at the below mentioned numbers.  We also offer custom research reports on any stock investment that you may desire information on.  To receive further information on these services please visit our web page at:  www.sterlinginvestments.com   If you would like to contact us our # is 800-275-6901,  fax # (404)-816-8830  Email address is: enelson@sterlinginvestments.com  Sterling Investment Services may hold positions in the securities recommended or may be providing consulting services to the companies mentioned within this report.
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