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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

3/12/20

At least one oil company was higher. Occidental Petroleum (OXY) rose modestly as Carl Icahn increased his stake 10% from 2.5% at the end of 2019, telling the Wall Street Journal that he bought the additional shares in recent days. The moves give him additional ammunition as he seeks to replace Occidental's entire board and possibly sell the company or spin off assets.

Disney (DIS) had a tough day. The Mouse house fell 12% on the day as the announced the closing of Disneyland to patrons for the rest of the month. The comment from management said, "While there have been no reported cases of COVID-19 at Disneyland Resort, after carefully reviewing the guidelines of the Governor of California's executive order and in the best interest of our guests and employees, we are proceeding with the closure of Disneyland Park and Disney California Adventure, beginning the morning of March 14 through the end of the month."

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.