AEN Adeona Stock 4/7/09 April 7, 2009

Shares of Adeona Pharmaceuticals, Inc. (AEN) are breaking out on huge volume after the company has issued the buyback press release below. I bought at $0.90 and quickly sold at $1.06 seconds later. The volume is nice, the volatility is there, but I have no idea what the company does. Trade at your own risk!!

Adeona Pharmaceuticals, Inc. (AEN) - $0.70 Up 268%

Adeona Pharmaceuticals Announces Stock Repurchase Program

Adeona Pharmaceuticals, Inc. (AMEX: AEN), a specialty pharmaceutical company dedicated to the awareness, prevention and treatment of subclinical zinc deficiency and chronic copper toxicity in the mature population, today announced that its Board of Directors has approved a Stock Repurchase Program authorizing the repurchase, from time-to-time of up to $1 million of its common stock, up to a maximum of four (4) million shares at prices of up to $5.00 per share. The Stock Repurchase Program approved by the Board of Directors on April 3, 2009 is intended to remain in effect until December 31, 2009. Full Article

So the company is comfortable buying shares up to $5.....this is why the stock is popping....but again, I don't know anything about this company.

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