Newgen has been on my radar for quite some time. The stock has not corrected as much as the smallcap index did. The stock today has moved up 2000% volume. I have added a small position today and will be adding more on further price strength. The stock is in a Stage 2 consolidation. A breakout from this consolidation phase can spark a huge up move. Will keep you guys posted.
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini