Warning Signs

Credit Investors Business Daily with the following:

Digene (DIGE) plunged 4.75, or 10%, to 42.68 upon the resignation of Charles Fleischman, the company's co-founder, CFO and president. Volume swelled more than eightfold to its greatest level in more than two years.
The shake-up comes two months after the chairman and CEO, Evan Jones, said he would retire in fiscal 2007 after a successor is found. The maker of disease screening systems is looking for a new CEO while it's replacing Fleischman with a senior vice president as of Oct. 1.

-Please don't own a stock like this that executives are jumping ship as quickly as they can. I can almost guarantee you its not because the company is doing well...

I made a list of some strong momentum names:

VMI
TEK
LMS
CTCM
ABAX
TTI
TRMB
VOL
AZN
TNL
FORM

These guys are moving huge in both directions these days. For example look at the intraday price action in FORM. The stock opened at 46.15, went up to 48.45, then crashed out to 43.7, closed the day at 45.18. Its a day traders dream, but get real, who can stomach that kind of volatility.

If I could sum up my feeling on the market in one word FRUSTRATION would be it.