That's too risky. It relies on the herd running in a specific direction.
I'm talking about profiting off of the predictability that exists as a result of there being a herd. You can find a way to make money no matter what direction the herd moves.
To put it a different way, see that tree over there? Right now it is much more likely that 1,000 buffalo run past that tree vs. one and only one buffalo runs past that tree. That's how a herd works. This is the opposite of how the market usually behaves, and I imagine there is some mis-pricing to be found as a result.
I'm talking about profiting off of the predictability that exists as a result of there being a herd. You can find a way to make money no matter what direction the herd moves.
To put it a different way, see that tree over there? Right now it is much more likely that 1,000 buffalo run past that tree vs. one and only one buffalo runs past that tree. That's how a herd works. This is the opposite of how the market usually behaves, and I imagine there is some mis-pricing to be found as a result.