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Leigh Baldwin & Co.

112 Albany Street, Cazenovia, NY 13035 | Phone: (315) 655-2964 Toll Free: 1-800-659-8044

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Diamonds and Dogs

7/3/12

SourceFire Inc. (FIRE)

SourceFire crashed and burned today, down 3.76% at $50.43. Shares of SourceFire fell as much as 9 percent after the cyber security software maker said Chief Executive John Burris has taken medical leave of absence. The company, which said on Monday that Burris is being treated for colon cancer, named founder and Chief Technology Officer Martin Roesch interim CEO. "Although the leave of absence is clearly not a positive, we believe SourceFire has an experienced bench that is more than capable of leading the company in Burris' absence," Stifel Nicolas said in a note to clients. As Nicolas said the leave of absence is clearly not positive and the share price of the company is showing it.

Netflix Inc. (NFLX)

Netflix had a good day today up 6.10% at $71.99. The company said customers watched more than 1 billion hours of movies and TV shows online last month, a record for the company. Chief Executive Officer Reed Hastings posted the total on his Facebook page today. The company said in January that viewing in the fourth quarter of 2011 totaled more than 2 billion hours. The Los Gatos, California-based company has been acquiring exclusive content to fend off Amazon.com, Hulu LLC and other streaming services. A spokesman for Netflix wrote, "When 'House of Cards' and 'Arrested Development' debut, we'll blow these records away." The positive information for Netflix has been good for the company today.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.