Since I still believe that this irrational rally is overdue for some subsiding, I picked up shares of FAZ at $8.85.
Fozzie has fallen ~70% over the last month. The chart below shows the underlying index for FAZ, and its red-hot performance during March and April. Yes, I'm bucking the trend here, so I'm ready to sell if some quick-and-dirty profit opportunities come my way.
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