We have many wonderful User Groups within our network, but several of them have fallen prey to unfortunate incidents over the last few months. If anything like what I cite below happens at one of your User Group meetings, please let us know.

Just this morning I found an email in my box which said, "Just got a call from a customer, Mr. Xx Xxxxxxx, who says he attended the yyyyyy user group and someone named Zzzz Zzzzzz was hawking his stock advice service for $1000/yr. Xx says that Zzzzzz claimed he can tell with 80% accuracy the move the market will make 3 months before it happens. Xx did say that other group members mentioned that had the User Group Leader known about this ahead of time he would not have been allowed in." Since receiving this information, I have learned that the User Group Leader was caught by surprise by the "guest" speaker and cut him short and would not continue the meeting until the "guest" speaker left. This is a case where the User Group Leader took control of the situation and we appreciate it.

Several weeks ago, I got a call from one of our long-term User Group Leaders who said that he had been solicited twice to attend an Options Webinar. Shortly thereafter, another User Group Leader got an email from a User Group Leader promoting the same Webinar. A link to register for the Webinar was included in the email, so I clicked on it and registered for the Webinar. Without any exaggeration, this was the most pathetic options presentation I had ever seen. And there was our deviant User Group Leader, pimping for the options service. Needless to say, he is no longer a VectorVest User Group Leader.

Then there is the case of a Money Manager serving as a User Group Leader. We got a call from one of the attendees at one of his meetings who said he had been solicited by this guy to manage his money. Here, again, the Money Manager is no longer a VectorVest User Group Leader.

Finally, there have been several instances lately in which presentations have been made by individuals who are using VectorVest to promote their own interests. They have not only misused our proprietary information, but they also wanted to steal our customers! We actually had a guy give a presentation to a User Group recently who created a website in which he was trying to sell Market Timing calls based upon our Timing System. We've run into this type of thing over and over again. In many cases, however, these renegade presenters are innocent in that they are just trying share something they think would be helpful.

So here we are with 78 User Groups located around the world and many of them are absolutely wonderful. I have met many of these User Group Leaders and I know they would never allow anything to happen in their group which was contrary to VectorVest's best interests. On the other hand, we have encountered many other individuals, such as the Money Manager cited above, who have their own agenda. That is unfortunate because VV User Groups have a very important mission to accomplish, i.e., to help members learn how to use VectorVest to make money in the stock market.

We ask our User Group Leaders to be advocates of the VectorVest system, but they don't have to carry our water. If there are legitimate criticisms of our products or services, we ask that they let us know about them. We also ask that VV User Group Leaders abide by our policies and guidelines which are spelled out in a memorandum entitled "VectorVest User Group Leader Memorandum." This memorandum is being added to the Special Reports file located in your software so that you can see exactly what we're talking about. We have emailed this memorandum to all User Group Leaders to make certain that everyone is singing from the same song sheet.

We also owe the User Group Leaders a debt of gratitude. They are volunteers, they work hard at being successful and we appreciate it. This is where you can also be helpful. Become an active member of your group. The User Group Leader shouldn't have to do everything. I urge you to participate in the discussions, ask questions, create new strategies and make presentations. You'd be amazed at how much you will learn as you prepare your talks.

VV User Groups can be fun and profitable. But even the best Leaders can't do it all by themselves and we can't correct problems we don't know about. So We Need Your Help.

HOW TO INSURE YOUR RETIREMENT WITH COVERED CALLS.
If you have been following the High Income Stocks Portfolio or using any of the other Retirement Strategies, now is the time to consider using Covered Calls to protect your positions and/or increase your income. Mr. Todd Shaffer, Manager of Research, will show us how. Please join Todd at the VectorVest University to see this week's very important "Strategy of the Week" presentation: "How to Insure Your Retirement with Cover Calls."