LGX Oil + Gas Inc ROAOF

I have sold all my shares at $8

[fdfd55]

and will by back at $11.
This is smart thinking and not dumb.
If you want, buy now but also buy the lowest PUTS you can find 3 months out.
That is ok too.

BUY Jan $7 PUTS for $1.25.

MEANS if you buy 1000 shares of OIL at $8 ALSO buy $1.25 PUTS 10 contracts for 1000 shares at $1250.

If your stock goes up and up, your $1250 is FINISHED.

If your stock goes to $2, then your PUTS are worth about $5.50 which means

that you will pay $8 + 1.25 = $9.25 and if it goes to $2 then your
stock will be worth $2 and your puts will be worth $5.50 which is $7.50 and
ONLY a LOSS of $1.25 / share.

Moral of the story: buy stock below $11 only with PUTS