Summary
Phil Anderson reports two positions in the Mexican Pete model portfolio closed at stops — Skyward Specialty Insurance Group (SKWD) and Evolution Mining (EVN) — with profit taken on both. He signals a new entry into Lynas Rare Earths (LYC) on a breakout and flags Comstock Resources (CRK) on the US watchlist as extended but worth monitoring for a pullback entry.
Key Claims
- SKWD stop was raised to breakeven at $58 on 5th June and was subsequently hit, closing the position — confidence: high
- EVN stop was placed at AU$8.40 and hit on 5th June, closing the position with profit taken — confidence: high
- LYC will be added to the portfolio on a break above 8.00 — confidence: high
- LYC entry is based on tracking a higher low structure to confirm trend continuation — confidence: high
- CRK has rallied sharply after a breakout and is considered too extended above a proper buy point for a new position — confidence: high
- CRK is being monitored for two days down as a potential re-entry trigger — confidence: high
Mex Pete References
- The Mexican Pete model portfolio is the vehicle for both closed positions (SKWD, EVN) and the new LYC entry
- LYC entry logic references tracking a higher low, consistent with the ascending/higher low trend structure used in the Mex Pete methodology
- No explicit “ascending triangle” pattern description given, but higher low language implies Mex Pete framework application
Stock Picks / Signals
| Ticker | Exchange | Action | Entry Price | Stop Loss | Notes |
|---|---|---|---|---|---|
| SKWD | US | Closed / Stop hit | — | $58.00 (breakeven) | Stop raised to breakeven 5 June; hit and closed |
| EVN | ASX | Closed / Stop hit | — | AU$8.40 | Stop hit 5 June; closed with profit |
| LYC | ASX | Buy on breakout | $9.28 | $8.00 | Added to Mex Pete portfolio on break; tracking higher low |
| CRK | US | Watchlist / Monitor | — | — | Too extended; watch for two days down before entry |
Predictions / Forecasts
- LYC expected to continue trending higher if breakout above $9.28 holds and higher low structure is confirmed — no specific price target stated
- CRK pullback of approximately two down days anticipated as a potential future entry setup — no price target or date specified
Notable Quotes
“We’re tracking the higher low and see if the trend works in our favor.”
“It’s too far extended above a proper buy point for a new position, but we’ll keep it on watch for two days down.”