candle is on fire, page-4

As a holder of CND for over a year, for some unknown reason CND has underperformed over the last 4 months.

Candle is not on fire.

The share price was $3.60 last May and $3.60 last August.

When IT shares like OKN and DTL (Data 3) are outperforming due to high demand for IT, Candle, the IT recruiter has fell.

Every half, CND reports a record profit and pays high dividends, which support its share price.

We are hoping CND pays a dividend of at least 10 cents in Feb 2007, which supports a $3.80 to $4.00 share price.

CND has savvy management and nil debt.

I bought more CND on CFD at $3.20 (35% margin) and sold half my holding yesterday.

Whilst I expect CND to reach $4 when then report their profits in February, I am concerned about the fact they have not issued a profit guidence this month.

When we look thru CND annoucements we will see CND always issue a guidence.

Whilst I cannot see anything going wrong - I mean what can go wrong for an established marketing leading recruitment company in a boom industry apart from a bad debtor or two.

All they have are offices and telephones and some smiling motherly employees.