Pier One PIR got a $3 target by some analyst who sees the company remaining solvent. I actually saw Pier in a net current asset screen weeks ago and thought it looked interesting but didn't follow through looking at it. I put up a couple charts of PIR later in the post. click this or post title to continue

The trend I see a lot or atleast with the ones I look at is decent sized retail companies that feel in net-net land are coming back to reality with money managers. A year ago it was housing related companies that were net-nets and many since then have been picked up. I'm pretty sure atleast a few of some of the top home builders in the country were in net-net territory in November, December when the world was ending. I think homebuilder DHI was a net-net and I happened to look at a chart and the strength since last year actually surprised me. I assumed it was more of a steady bottom instead of this extremely bullish chart.









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Side track. So, housing has been in recession since 05,06 and housing companies are bottoming. Could it be the housing bottom is finally real? It is what has been hampering the consumer driven economy. Time to get bullish!..? The housing charts would say so and current sentiment as the market takes bad news and goes higher. Although, this housing collapse is from a multi-decade government and lifestyle induced bubble. This could be just the first step off the cliff unless the government continues to prop up housing companies. Wait, they are because companies related to the housing industry which is practically every industry own Congress. United States economic growth seems dependent upon rising home prices.

This made sense after WWII in the 50s and 60s as the country was really growing and there was no housing saturation in the suburbs so to speak. I mean how far away from the city and your job can they keep building new houses? It works great with $1 unleaded but those days are over.

I don't see a strong consumer when inflation hits hard and China gobbles oil and unleaded gas goes to $5+. Especially, if we hit another recession in 10-20 years which is highly likely. This is more than a sidetrack so maybe I'll revisit this later.

Pier PIR triangle or start of a longer triangle. Either way looks like atleast few more cents upside on the exhaustion of selling volume(red) and hammer at bottom.





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PIR wedge break?

















I took a good look at PXG last year HERE and saw a pretty decent company with solid brands. They actually spun one off right after I found it and the stock moved big. I'm not that familiar with their fundamentals right now and it looks kind of bad the stock isn't budging with this retail rally. Or it could just be it is forgotten by analysts which might be a really, really good thing. Maybe I'll go through their quarterlies and listen to a conference call. If anybody wants to do some DD and leave a comment feel free. I probably should check it out again though because it would give me much more confidence picking up some at $.11 which this chart tells me I should do.















and this technical analysis I shouldn't
















full disclosure: no positions