Long-time Slopers may recall the relatively obscure stock Travelcenters of America (symbol TA), which was frequently mentioned last summer. Starting on February 1, this stock made an explosive move higher over a period of several days, more than tripling in price.
A couple of days ago, I entered a small short position in TA based on the chart below. I really didn't see this stock rising any more than it already did, and with so much empty space beneath, I thought it was a reasonable risk/reward ratio. This position has turned out pretty well so far.
