How much upside does JNK have vs. the downside?
JNK near its 52-week high; going to 41.xx appears a stretch and downside 38-39 more in the cards?
Waiting for Bernanke speech will probably make JNK go one way or the other.
I bought some at 41 not long ago, and a lot at 38 more recently. I'd say more upside potential to 41+ in the near term back to my first buy. I don't see it going to 38 again with treasuries so low unless we have a major dip again...I bought the second time at a high Euro panic (which Europe shouldn't matter because these are all USA companies) . But if it does I'd just keep getting the 7.5% yield paying every month and be happy. But timing shouldn't matter too much with this I think....buy some now and if it goes to 38-39 - buy more.