Star bonds are great in that you can get a good idea what they are going to adjust to in advance of the actual adjusts.Ā Several of us have spreadsheets to keep track of what and when the next adjust is likely to be.
KaiGee.com is good for seeing/working out future adjust values for specific bonds and JSX Dude's pre adjust bond show is good for bonds that are adjusting soon.
One strategy is to "play the bounce", that is, on adjust day, short anything that had a big upward adjust and buy anything that had a big downward adjust, so on the Wednesday you start making money from people selling/covering after the adjust.
I started in bonds by looking at those attached to the films released each week and slowly built up a spreadsheet where I could put in what I thought the film would make in four weeks to get an idea as to where the stock would go and by how much.