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二级市场交易策略Secondary-market strategy
价格发现是否连续Is price discovery continuous
结合股本结构、股东构成、历史成交和重大披露窗口,制定二级市场交易框架。关注价格发现是否连续、冲击成本是否可控,以及这套节奏公司能否长期维持。The trading framework is built from the share structure, the holder base, the trading history, and the disclosure calendar. The questions are whether price discovery is continuous, whether market impact stays tolerable, and whether the company can keep that pace.
框架用来维持连续的价格发现。The framework is there to keep price discovery continuous.