AMZN lslashes prices on AWS ... another short signial
"Hedge fund performance chasing.... AMZN is going parabolic here. Those funds couldn't care less what AMZN earns, as long as they can move the stock price up and lock in gains."
I hope you can see where this ultimately leads, and it won't be pretty. Also "locking in gains" by definition means selling. When more hedge funds decide to lock in gains than performance chase by adding to positions this will reverse in spectacular fashion.