ELBO what a powerhouse trading at 30 in after hours. Now this should move up ULTE another upcoming earnings play. The beauty of these plays is that you can hold for days without the volatility and fears of other plays. We usually look for Buy Set Ups and Sell Setups with particular strategies for each.
There are separate strategies for "gap fills" after earnings that are really good for those gap downs (our intraday buys at support and sells and resistance for which we might include an embedded 5 or 10 minute chart within the daily). Also gaps 'n craps (like KKD (which indeed "catapulted down" and LTD today which was "anticipated" so we could just bag them and prepare for them timely)