Information in “The Felder Report” (TFR), including all the information on this website, comes from independent sources believed reliable but accuracy is not guaranteed and has not been independently verified. All material published in TFR is subject to change without notice from TFR. TFR makes no security recommendations whatsoever. All information in TFR is for educational purposes only. Opinions expressed in TFR belong solely to Jesse Felder and are subject to risks and uncertainties beyond the control of TFR. Jesse Felder is the manager of individual client investment accounts and as adviser Mr. Felder, or its associated persons, may purchase and sell securities identified, recommended and analyzed in TFR. In consideration of performance objectives of its individual client accounts, Mr. Felder may purchase and sell securities identified in TFR without notice to readers and may take a position in such securities that is inconsistent with the recommendations disclosed in TFR. Previous, successful recommendations may not be indicative of the results for all recommendations, and in fact certain recommendations have resulted in losses. Reader information is never sold, shared or otherwise distributed to third parties. For more information contact us by mail at P.O. Box 790, Bend, OR 97709, by email at jesse@felder.co or by telephone at (541) 389-3345.