Need a last minute holiday gift that doesn’t look last minute and doesn’t require any last minute delivery? Give the gift of TradingWithCody.com. Call (646) 397-7244 or just reply to this email asking for more details and Rene will set up a monthly ($99) or an annual subscription (holiday special for $700) gift for your dad, grandma, uncle, business partner, boss, etc. Now onto today’s trading notes.

Well, Facebook is at all-time highs. Apple’s been crawling back up within 5% its recent all-time highs again. Ambarella is up 6% today back above $50 a share. If you were scared when they were down in the recent downdraft, then now is the time to think about trimming down some of those and/or other positions in our/your portfolio.

Indeed, I am going to go ahead and trim 5% of my Facebook and Apple here in part because they are quite a bit bigger than my #3 position, Google.

Ebb and flow. Trim into strength, add on weakness. Have conviction about the longer-term trends and great management. Bet bigger when the risk/reward is favorable. Have a playbook. You’re seeing me do all that in real-time and over time. That’s why TradingWithCody.com makes a great gift. Thanks and peace and happy holidays. Rock on.