[ntg816]

I would not be so quick as to label someone who uses this strategy as a fool. Sure, it may look foolish to spend $50+ on a $3 tourney. However, you are likely to have a big stack at the break, and tons of chips on the table for you to take after the rebuy period is over. You have also created the impression that you are a "fool," and will get paid off on your big hands after the rebuy period ends.

I think it takes a good deep stack player to make this strategy optimal, as after the first break there will be TONS of chips on your table.