MTEX ==> The Columbus Day Winner

[spikefader]

The pivot support buy ended up giving a nice 5% overnight move I notice...

Bidding 17.40 'c' support might be worth another shot...

[billyjoe]

Mr. Market,
Two copies of "MTEX The Columbus Day Winner" just showed up in my inbox dated 10/17/06. Have they been floating in cyberspace for 2 days? How did you do that? Another huge accomplishment.

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

[Gatorper]

Mtex

Bought MTEX @14.35 July 31, sold it @16.85 on Sept 18th Love that stock, would play it again, but I decided to trade other stocks.. Good luck on that one... I am doing well with BWNG at this moment.

[lemonjello]

Look at an intraday chart for Friday. There is something going on at 17.75. Very strange. Looks like the bear flag is out and it starts moving up over 17.75. Am I wrong?

[New-born baby]

Look at an intraday chart for Friday. There is something going on at 17.75. Very strange. Looks like the bear flag is out and it starts moving up over 17.75. Am I wrong?

MTEX is still bullish, and in "wait and see" mode. If she drops below $16.32, time to evacuate Dodge. If she busts up through the 10 day ($18.33 and falling), Bull charge! Right now it is consolidating. It is important to watch the volume here. If it dries up and the stock price moves up some, that may signal a bear flag. If you are in MTEX, you just need to baby sit the thing until the signal is clear which direction she is going to go.

One thing that is "going on" is that Friday was options expiration. Stocks do very strange things on that day.

This chart here is similar in structure to MTEX. We just need to watch and see if MTEX is going to make a duplicate pattern. We hope not, of course, but as Spike says, "It is what it is." And we'll have to wait and see "what it is."

[Tatnic]

Too early to tell, Lemon. It is possible, though. 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.

I believe your chart says it all. Buy at the 200 day, not here. If the fundamentals haven't changed and Andrew Left hasn't focused on the company (or someone like him), then why not buy it when its on sale?

BTW...I have a couple of hunting buddies who drank the koolaid and sell this stuff. They are seemily intelligent guys but they actually believe the bs about "soil depletion" and how the stuff they peddle is the only thing that can replace those lost minerals and nutrients. ONe of them also claims that his little bout of impotence was cured by this miracle substance.

My understanding of the company is that its a classic pyramid scheme along the lines of avon, amway, etc. Nothing illegal about it but the company does push the envelope as witnessed by those court cases. And one could argue that wall street is nothing but a huge pyramid scheme and that the company has a great business model, ie they don't have to hire salesmen to push their snake oil. And we all know how well crap sells in this country with the right marketing.

Bottom line, the stock may do fine in the short-term (heck, in the longer term who knows?)

ps..its manna bars, not bears. The manna bears haven't shown up in numbers yet, but you don't want to be left holding the bag when Left does a little piece on this one.

[New-born baby]

Please!

Please, NO AMWAY!

I hate the pyramid schemes.

[billyjoe]

New-born,
I don't want to get political here , but do you realize that Richard DeVos , republican candidate for governor of Michigan is an executive and son of billionnaire founder of Amway (now Alticor) they also go under another name. Anything to distance themselves from Amway. DeVos has unlimited funds and really believes the Amway model is the way this country should do business. This guy is dangerous.

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

[New-born baby]

New-born,
I don't want to get political here , but do you realize that Richard DeVos , republican candidate for governor of Michigan is an executive and son of billionnaire founder of Amway (now Alticor) they also go under another name. Anything to distance themselves from Amway. DeVos has unlimited funds and really believes the Amway model is the way this country should do business. This guy is dangerous.

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

That business model cannot survive. Some discounter will always undercut it and it will have to morph or disappear. And it needs to disappear.

[mrmarket]

There are Manna Bears...I still have some uneaten ones in my house:

[Websman]

There are Manna Bears...I still have some uneaten ones in my house:

They should develop a product called "Vulcan Bears".

[studentofthemarket]

That business model cannot survive. Some discounter will always undercut it and it will have to morph or disappear. And it needs to disappear.

Well the main thing is that the "sellers" are all also the "buyers". Very few end users that I've ever seen.

I got suckered into going to a Ixtar(or whatever they call Internet AMWAY) meeting. What a load of crap that was. When asked what I thought of the program. I said "sounds like an internet based amway scam". Boooooyyy did they get torqued.

most important thing for a company. Have customers for whatever they're selling. Second? Have repeat customers. Just ask Peter Lynch
Third? make profits. and do so legally.

student

[billyjoe]

Well the main thing is that the "sellers" are all also the "buyers". Very few end users that I've ever seen.

I got suckered into going to a Ixtar(or whatever they call Internet AMWAY) meeting. What a load of crap that was. When asked what I thought of the program. I said "sounds like an internet based amway scam". Boooooyyy did they get torqued.

most important thing for a company. Have customers for whatever they're selling. Second? Have repeat customers. Just ask Peter Lynch
Third? make profits. and do so legally.

student

Student and New-born,
Amway/Alticor/Quixtar/The Business has been peddling it's wares or distributorships since 1959. An FTC probe determined that 2 in 1,000 distributorships made $47,000 per year and 1 in 10,000 made $72,000 per year. I'll take stock market odds over that any day.
Also 80% of 6 billion revenues is foreign, mostly from China.
---------------billyjoe

[New-born baby]

Student and New-born,
Amway/Alticor/Quixtar/The Business has been peddling it's wares or distributorships since 1959. An FTC probe determined that 2 in 1,000 distributorships made $47,000 per year and 1 in 10,000 made $72,000 per year. I'll take stock market odds over that any day.
Also 80% of 6 billion revenues is foreign, mostly from China.
---------------billyjoe

Thanks for the sobering information. What a bunch of CROOKS!

[peanuts]

Student and New-born,
Amway/Alticor/Quixtar/The Business has been peddling it's wares or distributorships since 1959. An FTC probe determined that 2 in 1,000 distributorships made $47,000 per year and 1 in 10,000 made $72,000 per year. I'll take stock market odds over that any day.
Also 80% of 6 billion revenues is foreign, mostly from China.
---------------billyjoe

Here's another: http://www.marketamerica.com/