Yes, absolutely.
I think if you bought into several of those type of setups, you'd make more profit then losses. That is what we're about in the investment game. News moves stocks, of course, but when is the news normally due to come out. When is the best earnings due for the stock when they get 4 of them each year. Does the stock move better before the news or earnings, or after. It all depends on institutional ownership I think. May be something completely different, but they have such power to break a stock. Then, their is the stock's NOW liquidity compared to last year at this time.