LGX Oil & Gas, Inc. (ROAOF)

[H8ster]

When dealing with a spec play like this, its hard to rely on a three year chart. Especially since, 1.5 years ago, they were another company. A US company. Road Runner Oil & Gas. After they became Bowood Energy, a Canadian Company. So many things have happened since since the summer of 2010. Being put on the TSX, land acquisitions, etc, etc.

If I was to rely on any chart for a spec play, of this type, in this industry, in this unproven area, with this volatility, I wouldn't look at anything over a year, let alone a 3 year span. Even then I wouldn't use it as the deciding factor in making a trade.

Right now it's holding solid where it's at. I do think it is a good idea to have some buys where you currently have them. As long as you continue to watch daily volume and whatnot. That'll tell you where it wants to go. Large volume and big block trades will come a couple days before the news. I'm prepared to buy more at .18-.20 and .13-.15.