If you're waiting for institutional investors to become irrational, maybe you're the irrational one. They might turn irrational for a week every ten years, and when they do, they turn rational just as quickly. Irrational speculators like yourself are always everywhere, but they are simply too few to turn blue chip quality into dirt cheap bargains. Do not expect a jumble sale of blue chip stocks soon. Everyone is expecting base metal prices to drop like a rock this year. What you're seeing is the market discounting this expectation into the BIL price. If you're expecting BIL to drop to R70 then go ahead and short this share. It's got 43% to go to R70.
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