For traders more on the daytrading end of the spectrum, a good drill result can produce several days of substantial gains. I will usually buy these as fast as possible and not worry about pullbacks. I won't do any research beyond checking if the result is overhyped.
Here's an example that I bought last week on news: Northstar.
I bought slightly below the horizontal on the first day of the breakout. As long as it stays above, I will see what the news flow brings.In this case, the hit doesn't seem as good as the market's reaction, but what intrigues me is the company has employed GoldSpot (my top holding). The latter found eight drilling targets for Northstar on the property they're currently drilling. If I'm right about GoldSpot's technology, then companies using it should experience better than average drill results. On net, speculative trades should pay off more than they lose in a bull market.
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