LOL Snacks...
You've got your timeframe, I've got mine!
As I've said, every likelyhood that the shareprice will drop back after an initial rise on good news, so selling on news if you are interested in short term good gains is an excellent idea.
There will come a time however (starting to sound a bit biblical!) when the price will simply keep on moving.
So whilst your plan is to make 20-100% on each trade cycle I would imagine, I'm sitting back for the time when daily fluctuations will be in the order of the current share price or more. The share price moving 20-40 cents per day and not getting to 20-40 cents. I'm looking to speculate/trade on a completely different time and risk scale to you.
We can all make money however while enjoying each other's company...
;-)
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