I could almost just copy and paste what I wrote the other day about Sony….”Sony SNE with another nice pop today coming on top of a very strong rally already. This chart might even be considered to be going parabolic.”

The company reported strong numbers, in part from growth in their content licensing business (think Netflix and Amazon and Apple TV paying up for content in their streaming wars) and in part from weak Yen, both of which is why I’d built up a long Sony position in the teens.

I’m personally trimming a little bit of my Sony now after this big run it’s had, just being disciplined and following my playbook (Not to be confused with a PlayStation). But Sony very much remains in the Revolution Investing playbook and I still think all my analysis which led to my get long Sony in the first place leads me back to this, which I wrote in the Revolution Investing newsletter recently:

“I continue to hold my Sony and think that there’s a lot of upside over the next five years with this stock.

The library of TV shows and movies are in high demand by all the iTunes, Amazon, Netflix, Hulu streaming wars. The collapsing Yen figures to be a huge boost to the company’s finances in the next year too. And as I’ve mentioned, Sony’s investing heavily in wearables and Sony could be a big player in wearables. Speaking of which, was the Sony Walkman the first successful wearable computer?”

And what to do if you don’t own any Sony yet? Well, I always suggest starting with a small tranche in a stock you want to own and keep it small when it’s a stock up huge and at new highs like $SNE is. Get your toe in the water if you believe its headed higher still and then slowly look to add to that position on weakness, just like you always see me try to do.

In 25 Stocks for the Wearables Revolution, I wrote about how:

“I wouldn’t be surprised to see Sony displace Samsung as the go-to high quality Android gadget and device (including wearables) manufacturer”

Sony’s smartphone business isn’t going to be its savior but if Sony can catch traction as the premiere Android wearables camera, watch and/or other as yet un-thought-of wearable form factors the company could quickly turn back into — yes, it’s possible — a growth stock.

For now, the weak Yen, strong demand for their image sensors that go into the Apple iPhones, Playstations and content library are plenty enough to keep me in the stock.