MTEX ==> The Columbus Day Winner

[mrmarket]

Jason..where is my Yahoo spam post on the MTEX board? You are slumping!

[jiesen]

Jason..where is my Yahoo spam post on the MTEX board? You are slumping!

ah, oh yeah... will do. too bad I missed buying this sucker, too. foreign time zones can be a bitch!

[peanuts]

Mtex

I look forward to congratulating you, Mr. Market

[jc4fun3]

Mannatech Class Action Suit

Mannatech Class Action Suit

http://www.rickross.com/reference/mannatech/mannatech17.pdf

Consolidated Class Action Complaint for Securities Fraud

• “significant knowledge regarding Mannatech employees making improper health claims and Mannatech-sponsored conventions, as well as Defendants’ knowledge of this illegal marketing and refusal to do anything to stop it.” (p. 30)
• “knowledge concerning, among other things, Mannatech’s foreign regulatory problems, defendant Caster’s “special” treatment of high-ranking associates who were allowed to violate the rules and make illegal health claims about Mannatech products, as well of video copies of health ‘testimonials’ that were kept on Mannatech’s website behind a ‘firewall’ specifically to avoid regulatory scrutiny.” (p. 35)
• “Caster was ‘very, very involved on the associate side’ of Mannatech’s business and that Caster knew what was happening among associates (i.e., illegal marketing). This confidential witness recalled that it was ‘very hard for Sam [Caster] to say no’ to high level associates and that Caster ‘doesn’t like conflict.’” (p. 56)
• “Dr. H. Reginald McDaniel, a former Mannatech ‘Medical Director’…sent out e-mails daily ‘prescribing’ various Mannatech products in various quantities to supposedly cure cancer and other diseases. This confidential witness recalled that Caster ‘absolutely, without question, had knowledge of what he [McDaniel] was doing.’ McDaniel even had a ‘recipe book’ for what amounts of products people should take for various diseases. She/he stated that the FDA was developing a file on McDaniel, which eventually prompted Caster to agree to move McDaniel to MannaRelief.” (p. 90)

[ringo69]

bought some

I think this one will hit its target fast.

[jc4fun3]

Mannatech CEO’s Permanent Injunctions

http://www.rickross.com/reference/mannatech/mannatech3.pdf

Agreed Final Judgment with Permanent Injunction between Samuel Caster (founder and CEO of Mannatech) and the State of Texas:

• “making any representation regarding the characteristics, ingredients, uses or benefits of any good unless, at the time of making the representation, you possess and reasonably rely upon competent scientific evidence that substantiates such representation.” (p. 2)
• “representing directly or by implication, that goods or services have sponsorship, approval, characteristics, ingredients, uses, benefits, or quantities which they do not have.” (p. 2)
• “employing any testimonial or endorsement regarding a good’s characteristics, ingredients, uses or benefits that is inconsistent with competent scientific evidence.” (p. 2)
• “Causing confusion or misunderstanding as to affiliation, connection, or association with, or certification by, another.” (p. 2)
• “Employing a commission structure wherein a sales associate receives a commission or any benefit or credit for purchases made by that sales associate.” (p. 2)

[jc4fun3]

Mannatech Consumer Warnings

UC Berkeley Wellness Letter

http://wellnessletter.com/html/ds/dsGlyconutrients.php

Cystic Fibrosis Foundation

http://www.cff.org/news/consumer_alerts/index.cfm?ID=7033&blnShowBack=True&idContentType=1207

Mayo Clinic

http://www.mayoclinic.com/health/glyconutrients/AN01102

Society for Glycobiology

http://glycobiology.org/Default.aspx?tabid=74

Australian Doctor

http://www.australiandoctor.com.au/news/f0/0c0362f0.asp

Cancer Nutrition Info, LLC

http://web.cancernutritioninfo.com/main.cfm?id=1543&display=yes&RequestTimeout=500

CancerDecisions

http://www.cancerdecisions.com/050105_page.html

http://www.cancerdecisions.com/050805_page.html

ALSforums.com

http://www.alsforums.com/scamwatch/mannatech.php

[mrmarket]

Looks like JC is a big Mannabears eater...

[Websman]

We now have Yahoo spam!!!


Best reason to own MTEX (8 Ratings) tooltip1 = new YAHOO.widget.Tooltip('tt1', { context:"Tooltip1100175",autodismissdelay: 60000, showdelay: 1250} ); 17-Oct-06 10:31 pmtooltip1 = new YAHOO.widget.Tooltip('tt1', { context:"TViewTooltip100175",autodismissdelay: 60000, showdelay: 1250} );
is because the best stock picker around just picked Mannatech to be the next HUGE winner!

Check it out:
http://www.mrmarketishuge.com/showthread...

Read this awesome write-up then go eat some Mannabars!

[lemonjello]

As a junior chartman I think I'm seeing a small bear flag being formed the last few days. Is that wrong? Not saying it won't make 15% but if that's a bear flag isn't the next support that would be a good buy point around 15?

[billyjoe]

Seems like the server crapped today...oh well. Better for the people who come visit!

Mr.Market,
I don't think I'll be getting mail from you anymore. It would always come in bulk mail and I had to block everything since I started getting hundreds of bulk mails per day. One or two get through in the regular in box. Can't figure out how they do it. I read all your posts here so I won't miss anything.

-------------billyjoe

[mrmarket]

Mr.Market,
I don't think I'll be getting mail from you anymore. It would always come in bulk mail and I had to block everything since I started getting hundreds of bulk mails per day. One or two get through in the regular in box. Can't figure out how they do it. I read all your posts here so I won't miss anything.

-------------billyjoe

Sounds good...hopefully someday we will solve the secret of spam.

[jiesen]

I'm in!

We now have Yahoo spam!!!


Best reason to own MTEX (8 Ratings)

is because the best stock picker around just picked Mannatech to be the next HUGE winner!

Check it out:
http://www.mrmarketishuge.com/showthread...

Read this awesome write-up then go eat some Mannabars!

just doing my bit to help out...

by the way, MTEX hit my limit today, and I got in at 17.7! Now let's see it hit $20 next week so we can do this again!

[New-born baby]

As a junior chartman I think I'm seeing a small bear flag being formed the last few days. Is that wrong? Not saying it won't make 15% but if that's a bear flag isn't the next support that would be a good buy point around 15?

Too early to tell, Lemon. It is possible, though. Click the postscrip link below entitled "bear flags" and read what it has to say. What we do know is that if/when MTEX busts the lower channel support, then the answer is "yes, Houston; we have a bear flag." At that point we are very thankful that MTEX has an option chain. But right now the chart is still bullish. One encouraging thing is that MTEX pushed up against resistance today. $18.09 is a very strong resistance, and we shouldn't expect MTEX to take it out the first time it touches it. IF MTEX closes above $18.09 the next day or two, I wouldn't fear the bear flag pattern at this time.

For those bears who are looking for a piece of meat, examine the chart for support, and we find the following:
$16.59
$14.92
$14.54
Heaviest support ($13.77)

If it is a bear flag, then most likely MTEX pulls back all the way to $13.77. Remember, we'll need a bust of the $16.59 support line first. If that fails, I think the others fail rather easily. But like I say: the chart is still bullish until it ain't. And it ain't bearish yet. But it hints that it may turn bearish soon.

We really shouldn't be shocked that MTEX pulled back like it did. It's the fourth time. Once she busts that resistance we ought to really get a nice move.

[peanuts]

I finally got the email, today, about 13:45. It's a Yahoo! account

Nice write-up, by the way