MTEX ==> The Columbus Day Winner

[mrmarket]

The chart does not look good to me. It could work but this feels like a crap shoot.

Some reasons for hope in the future but recent performance has not been inspiring. I have no good reason to doubt the future story but in my opinion these stories are a 'dime a dozen'. Managment talks a lot about things they "believe" will happen. This isnt worth my hard earned $$$.

I think you need to eat some Mannabears to give you a more positive outlook on things.

[New-born baby]

Nice little pop today...I don't think $10 is in the cards. Do you?

Congrats on the nice little pop. Chart is not yet bullish but will be with another good day today. Yesterday was HUGE for MTEX. It ended the day right up against resistance. Now if she busts through that today, then yes, this may be your AXR type turnaround.

[mrmarket]

Congrats on the nice little pop. Chart is not yet bullish but will be with another good day today. Yesterday was HUGE for MTEX. It ended the day right up against resistance. Now if she busts through that today, then yes, this may be your AXR type turnaround.

What's particularly impressive is the way the buyers shrugged off the threat of the law suit. If this company really is selling snake oil...and there's no proof that it isn't, that lawsuit should have been a killer. But as PT Barnum said...

[Tatnic]

Congrats on the nice little pop. Chart is not yet bullish but will be with another good day today. Yesterday was HUGE for MTEX. It ended the day right up against resistance. Now if she busts through that today, then yes, this may be your AXR type turnaround.

it all depends on where it closes at the end of the week. You may have a ball breaking short squeeze, but its too early to call it yet. If I were short, I'd be sweating bullets right now.

[New-born baby]

Stock buy back program

MTEX got a stock buy-back program going on? Perhaps they bought their own stock all at once yesterday to get this thing moving North again. That would put the squeeze on the short sellers, and help move the stock up even more. But a move like that won't hold forever.

[Tatnic]

MTEX got a stock buy-back program going on? Perhaps they bought their own stock all at once yesterday to get this thing moving North again. That would put the squeeze on the short sellers, and help move the stock up even more. But a move like that won't hold forever.

at 3:45 pm on friday, check the price. If its above 15.5 then I'd say its a go. If its not, then wait. Its that simple.

[Tatnic]

at 3:45 pm on friday, check the price. If its above 15.5 then I'd say its a go. If its not, then wait. Its that simple.

correction...that should read $15.55 on Friday's close, not 15.5.

[Tatnic]

correction...that should read $15.55 on Friday's close, not 15.5.

and don't forget about the huge overhead resistance with this one...

[Tatnic]

and don't forget about the huge overhead resistance with this one...

not looking good or bad for this one...if enough people get bored with it, it could collapse. I don't see enough downside to warrant my attention, but if one were to short it I'd like to see a break below 14.

[mrmarket]

nice little surge today!

[mrmarket]

up 9% today on earnings...go baby go!

[jc4fun3]

MTEX Bad Publicity Could Send Stock Down Sharply

Down almost 10% day after news broke of negative 20/20 program airing this Friday. Here is an article on it:

Sunshiny Market Still Offers a Short Play
By Steven Smith
Senior Columnist at TheStreet.com
5/30/2007 12:06 PM EDT
URL: http://www.thestreet.com/p/rmoney/st.../10359604.html

Apparently, Mannatech (MTEX) will be receiving some bad publicity later this week on ABC's 20/20 (which has already posted a video (labeled Magic Pill on its site http://abcnews.go.com/2020) that could send the stock down sharply.

Skeptics have had this company in their crosshairs for quite a while. The short ratio is 27% of the float, putting Mannatech in the top 15 shorted stocks. Shorts claim that Mannatech's nutritional supplements are placebos at best and that its business model is a pyramid scheme.

The last time the company was put under the microscope by mainstream media was last October, when Barron's ran a negative article. The stock subsequently fell some 25%, from $20 to $14, within the next week.

[mrmarket]

Down almost 10% day after news broke of negative 20/20 program airing this Friday. Here is an article on it:

Sunshiny Market Still Offers a Short Play
By Steven Smith
Senior Columnist at TheStreet.com
5/30/2007 12:06 PM EDT
URL: http://www.thestreet.com/p/rmoney/st.../10359604.html

Apparently, Mannatech (MTEX) will be receiving some bad publicity later this week on ABC's 20/20 (which has already posted a video (labeled Magic Pill on its site http://abcnews.go.com/2020) that could send the stock down sharply.

Skeptics have had this company in their crosshairs for quite a while. The short ratio is 27% of the float, putting Mannatech in the top 15 shorted stocks. Shorts claim that Mannatech's nutritional supplements are placebos at best and that its business model is a pyramid scheme.

The last time the company was put under the microscope by mainstream media was last October, when Barron's ran a negative article. The stock subsequently fell some 25%, from $20 to $14, within the next week.

This is nothing new. Let's see what happens.

[mrmarket]

This is nothing new. Let's see what happens.

Based on today's market action, it looks like the market has seen this before also....

[stripesound]

Texas AG sues MTEX

doesnt look good, shorts are vindicated here.