Market structure
Why a bid is not the last trade
A bid is a standing offer to buy at a stated price. The last trade is a match that already happened. They can sit far apart. Treating the …
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- Why a bid is not the last trade
A live bid is not the last sale.
- What an earnings surprise actually compares
Versus consensus, not last year.
- Why a stock split does not make you richer
Same claim, more shares.
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Company results
What an earnings surprise actually compares
An earnings surprise is not “better than last year.” It compares a reported figure with the consensus estimate that was already sitting in …
Mix-ups
Why a stock split does not make you richer
A split cuts the share price and multiplies the share count by the same ratio. Your slice of the company does not grow. Two pieces of the …
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- Why a bid is not the last trade Market structure
- What an earnings surprise actually compares Company results
- Why a stock split does not make you richer Mix-ups