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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 March 2nd 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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PRIME STOCK NEWSLETTER FOR March 6th, 2009

(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 finished sharply lower on Thursday in a broad based move that saw every sector I track move lower. The weakest sectors on the day were the Banking, Airlines, Insurance, Cyclicals, Broker/Dealer, Transports, Oil & Gas, Biotech, Telecom, Chemicals, High Tech., and Consumer indices. There was strength in bonds as interest rates moved lower. The Dow Jones Industrial Average closed 281 point lower on the day at 6,594.44 A level not seen since April of 1997. the market is a very forward looking indicator, and what it is telling us is that 6-12 months from now the economy is going to be doing a lot worse than it currently is. For as long as I have been writing my newsletters, I have always said that the number one influence on the market is politics. Politicians due to the fact that they control government policy, taxes, regulations, and host of other important other factors yield enourmous influence over the market. They have a unique ability to talk the market higher by inspiring confidence, and to talk it lower by creating uncertainty and instilling fear. Any politician who does not recognize this is a fool. Well the fools are now in full control of all the policy levers, and they seam to have returned to the radical roots and are not hell bent on tearing down our current economic system and remaking it according to their own foolhardy design. As a result capital is fleeing the market, and everyone is scared wondering what will happen next and asking if all of this is actually by design. The unfortunate answer they seam to be coming to is yes. This is what the fools in charge actually want to have happen.


Sterling Calendars for March 6th, 2009
Date Est. Time Release

For

Consensus Prior
03/06 8:30am Average Workweek Feb. 33.3 33.3
03/06 8:30am Hourly Earnings Feb. 0.2% 0.2%
03/06 8:30am NonFarm Payrolls Feb. (650k) (589k)
03/06 8:30am Unemployment Rate Feb. 7.9% 7.6%
03/06 2:00om Consumer Credit Jan. ($5.0b) ($6.6b)
  Misc. Calendar
Date: Comments:
03/05 Union Drilling 'UDRL' announces earnings after the close. Est. $0.14
03/06 AnnTaylor Stores 'ANN' announces earnings at 8:00am Est. ($0.55)
  The full earnings calendar for this week can be found (here)

Recommendation: SELL/SHORT

Visa, Inc. 'V'

Company: Visa, Inc. Symbol: 'V' Closing Price: $53.42

Web: www.corporate.via.com

YH: $89.84 YL: $41.78 EPS: $0.68 P/E: 79

Shares Outstanding: 778 Million

Forecasted EPS:.$2.70 Market Cap.: $42 Billion
Dividend: $0.42 Yield: 0.70% Aver. Daily Trading Volume: 8.2 Million Shares  
Price Targets:  $49.13, $46.27 & then $44.15 Upside Stop:  $54.17/share
Options Rec.: March $52 1/2 Puts @ $1.95 Options Symbol: V OT
Additional information on Visa, Inc. 'V' can be found (here)

Company Description: Visa, Inc., through its subsidiaries, operates retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company owns and operates VisaNet, a global processing platform that provides transaction processing services, primarily authorization, clearing, and settlement, as well as related value-added services. It offers a range of branded payments product platforms, which customers use to develop and offer credit, charge, deferred debit, debit, prepaid, and cash access programs for cardholders. The company owns a range of payment brands, including Visa, Visa Electron, PLUS, and Interlink, which are licensed to customers for use in their payment programs. In addition, it provides various other value-added services, including risk management, debit issuer processing, loyalty services, dispute management, and value-added information services. Visa, Inc. was founded in 1958 and is headquartered in San Francisco, California.

Chart for Mosaic Company

Chart updates daily

Recent News: Too much noise here today
   
 
A full list of the news headlines for Visa, Inc. "V''' can be found (here)

Our Analysis: The shares of Visa, Inc. 'V' closed below a key support level yesterday. This is a bearish trading signal. The shares of 'V' should continue to move lower and test $49.13./share, the point from which they gapped higher on the open of trading oon February of this year. If the shares of 'V' close below that level as I expect they will, then they should continue to move lower and test $46.27/shre, the point from which they gapped higher on the open of trading on January 30th of this year. Finally I think there is a reasonable chance the shares of 'V' could test $ 44.15/share, the point from which they gapped higher on the open of trading on January 28th of this year. I see upside resistance on the shares of 'V' at $53.74/share, and have set my stops accordingly at $54.17/share.


Stocks Looking Higher

NOTHING


Stocks Looking Lower
EVERYTHING

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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