Terms and Conditions

• DISCLAIMER
  Schaeffer's Investment Research does not give individualized market advice. This service is refundable only under certain conditions. We publish information regarding companies in which we believe our readers may be interested and our reports reflect our sincere opinions. However, they are not intended to be personalized recommendations to buy, hold, or sell securities. Investments in the securities markets, and especially in options, are speculative and involve substantial risk. Only you can determine what level of risk is appropriate for you. Prior to buying or selling an option, an investor must have a copy of Characteristics and Risks of Standardized Options. You can access and download the booklet on The Options /Clearing Corporations' (OCC) website at http://www.theocc.com/publications/risks/riskchap1.jsp. This link reference is provided as a courtesy and does not imply that the OCC is endorsing Schaeffer's Investment Research (SIR) or its products. This booklet is also available for free from your broker or from any of the U.S. options exchanges or you can call SIR toll-free at 1-800-327-8833 and we'll be happy to send one to you. If this is your first service with us, a booklet will be included with your welcome materials. We encourage our readers to invest carefully and to utilize the information available at the web sites of the Securities and Exchange Commission at http://www.sec.gov and the National Association of Securities Dealers at http://www.nasd.com. You can review public companies' filings at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site. We encourage you to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Most of our information is derived directly from information published by the companies on which we report and/or from other sources we believe are reliable, without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way warrant or guarantee the success of any action which you take in reliance on our statements.

• Our personnel may own positions in the equities mentioned in our reports. However, all employees are prohibited from any transaction that directly or indirectly competes with the interests of our subscribers. We are not compensated in any way for publishing information about companies mentioned in our reports.

• Testimonials may or may not be representative of actual results.

• PERFORMANCE FIGURES
  Performance figures are based on actual recommendations made by Schaeffer's Investment Research, Inc. Due to the time critical nature of stock and options trading, brokerage fees, and the activity of other subscribers, SIR cannot guarantee that subscribers will mirror the exact performance stated on our track records or promotions. Performance numbers shown are based on trades subscribers could enter based on our tracking guidelines. Past results are not necessarily indicative of future performance. The information contained in SIR trading services is intended for use solely by individual subscribers and is not offered to institutional investment organizations

• LIMITATION ON SIR LIABILITY
  SIR liability, whether in contract, tort, negligence, or otherwise, shall be limited in the aggregate to direct and actual damages not to exceed the fees received by SIR from Subscriber. SIR will not be liable for consequential, incidental, punitive, special, exemplary or indirect damages resulting directly or indirectly from the use of or reliance upon any material provided by SIR. Without limitation, SIR shall not be responsible or liable for any loss or damages related to, either directly or indirectly, (1) any decline in market value or loss of any investment; (2) a subscriber's inability to use or any delay in accessing SIR website or any other source of material provided by SIR; (3) any absence of material on SIR website; (4) SIR failure to deliver or delay in delivering any material or (5) any kind of error in transmission of material. SIR and Subscriber acknowledge that, without limitation, the above-enumerated conditions cannot be the probable result of any breach of any agreement between SIR and Subscriber.

• DISCLAIMER OF WARRANTY
  ANY AND ALL MATERIAL PROVIDED BY SIR IS PROVIDED "AS IS" AND SIR MAKES NO WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION , ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.

• BROKERS
  SIR is not affiliated with any brokerage firm and does not endorse or recommend any specific brokerage firm. SIR is not and will not be responsible for any trades made by a broker on the subscriber's behalf under any circumstances.

• ACKNOWLEDGEMENT AND AGREEMENT
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• "10 Days to Successful Options Trading" and "Profitable Options Trading Principles" are copyright 2001, Schaeffer's Investment Research. All rights reserved.

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