{"id":354291,"date":"2010-02-23T12:06:26","date_gmt":"2010-02-23T17:06:26","guid":{"rendered":"http:\/\/www.businessinsider.com\/radio-shack-reports-killer-earnings-but-the-market-could-care-less-2010-2"},"modified":"2010-02-23T12:06:26","modified_gmt":"2010-02-23T17:06:26","slug":"radioshacks-earnings-just-exposed-how-greedy-investors-have-become-rsh","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/354291","title":{"rendered":"RadioShack’s Earnings Just Exposed How Greedy Investors Have Become (RSH)"},"content":{"rendered":"

Last night, old-time electronics retailer Radio Shack (RSH) reported its fourth-quarter earnings and they were very strong. Profits jumped 26% thanks to an increased demand for wireless products<\/a> and services.<\/p>\n

The company earned $75.7 million, up from $60.1 million compared to last year.<\/p>\n

It’s fantastic news, especially for an old player like Radio Shack. But there’s just one problem: its stock is currently down 6.16% to $19.36 a share, making it the second biggest loser in the S&P 500 today.<\/p>\n

Why are investors shunning Radio Shack<\/a>?<\/p>\n

Well, the market is down as a whole, but that can’t be all of it.<\/p>\n

What seems likely is that investors have become uber-greedy, and even strong earnings are a reason to sell.<\/p>\n

\"RSH<\/p>\n

Traders clearly think that Radio Shack has enjoyed its bull run for too long now. Since June of 2009, the stock has doubled in value and has “double topped,” a technical analysis term that indicates a major sell off is about to occur after an extended uptrend. Keep in mind: this is Radio Shack. Who do you know that shops at a Radio Shack? No one I know goes there. <\/p>\n

It will be interesting to see if RSH can hold above $20 a share for much longer.<\/p>\n

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