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25 Feb

AERG Trade Alert

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I’ll be looking to flip the momentum, should it continue, on AERG this morning. Didn’t do a lot of research on this one, just like the breakout above a buck potential and chart into close yesterday. From what I can see, Applied Energetics has until June 13, 2011, to regain compliance with the minimum closing bid requirement. The company notes it may be necessary to effect a reverse stock split in order to cure the deficiency. No position right now.

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