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Catch These Falling Stars

Investing legends Richard Pzena and Bill Miller are experiencing hard times in this turbulent market. Should you bet with them and trade their comeback?

Pzena Investment Management is down more than 40% since its IPO in October 2007; explains Dylan Ratigan while Bill Miller's Vaunted Legg Mason Value Trust posted its worst-ever 1st quarter drop. (Remember Miller is famous for beating the S&P for 15 straight years.)

Should you bet on a Pzena and/or a Miller comeback?

I think Richard Pzena is a tremendously sophisticated investor, says Karen Finerman. And, Bill Miller is probably one of the smartest fund managers out there. I think it’s okay to trade along with them. Also you could trade with John Bader of Halcyon Asset Management. I like them all, she says.

I don’t know, counters Guy Adami. I'm a skeptic. And that Penza trade sounds dicey to me.

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Trader disclosure: On Apr .8, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (YHOO), (MSFT), (INTC); Najarian Owns (AAPL), (MSFT), (YHOO), (XLF), (CSCO), (BIIB), (CHK), (BKC), (AMR), (DAL); Najarian Owns (AA) Calls, (BA) Calls, (BSC) Calls, (COP) Calls; Najarian Owns (LEH) Puts, (MER) Puts, (OIH) Puts; Finerman Owns (GS); Finerman's Firm And Finerman Own (FLS); Finerman's Firm Owns (MSFT), (PZN), (SUN), (TSO), (VLO), (WMT), (YHOO), (KALU), (SBUX); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Owns (FNM) Calls; Finerman Owns (AMV) Warrants