MTEX ==> The Columbus Day Winner

[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."

[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?

[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.

[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

[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...

[peanuts]

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

Nice write-up, by the way

[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.

[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!

[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.

[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

[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?

[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!

[mrmarket]

Looks like JC is a big Mannabears eater...

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

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CancerDecisions

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

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

ALSforums.com

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

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)