because Amzon is being pumped by Cramers & others until small investors get in to hold the bag.
IT IS THE ONLY STOCK THAT ITS INCOME TREND IS DOWN, ITS EPS REDUCED YEAR OVER YEAR BUT YET THE STOCK PRICE AT ITS BEST.
SOONER OR LATER IT WILL CORRECT 50% OR MORE.
THAT DAY WILL BE DECIDED BY WAL STREET MONEY MAKERS.
"THAT DAY WILL BE DECIDED BY WAL STREET MONEY MAKERS."
And with this issue they have shown that they can keep it up indefinitely.
So , sell on the peaks and cover lower.
Their business model ignores profit and only focuses on revenue. So far Mr. Market finds this approach acceptable. But acceptability is only extended to a few special golden children while all the rest have to follow the rules of profitability. The cloud computing bubble will burst, just like all other bubbles have burst.