This may be true, but it only benefits swing traders and not longs since the pps will come back down to near the original price before the news. As a matter of fact, if someone tells me they are a true long, and have not seen the pattern, then they are not performing proper DD.
Big news will make it skyrocket, yes. But a high price will need consistent news & results in order to sustain a favorable pps.
Part of the patience required is to not buy more shares once it skyrockets, until is has shown it will hold.