appreciate it. >> thank you, melissa lee, helen becker of cowan and company. expect alaska and spirit to do well, american and delta an united to underperform. you are in this space. >> i still am. when we lose the 50 day, it held up well for a lot of these but it is just a single day where they've gone below the 50-day moving average now. the one name that held on was jet blue. i was looking at hawaiian airlines. i was hoping that to sell off. it is up near $36 a share. the outperformance has put it up in a stratosphere where i thought they would sell it off. there with names i would love to dive into but to her point, when you look at the big three there is a little bit of pressure. i think it could be lingering for a while. they have to recapture the 50 before i'm excited against. >> i think the point most interesting is we'll see the impack, if there is an impact in the first quarter. so we won't get those numbers until sometime in april, after the first quarter is done and in the books. >> i think the damage is longer lasting. so we're not talking about r

this holiday season and if we should look for the impact in the first quarter as we talked to helen becker yesterday and she said the impact, if there is one, will be seen in the first quarter, not now. >> well, you know, our view is that everybody is a little bit skittish right now of course. but our view if this affects anything, it will affect transatlantic and pacific and long haul travel more. if you look at that warning, i should say, it was specifically about americans traveling abroad, not so much traveling within the united states. so we don't really expect to see much of a change in booking and we certainly haven't seen anything to date yet in terms of domestic travel which is where spirit is mostly focused of course and nearing international flying. >> i hate to put it this way, could you see a benefit with americans more interesting in staying stateside as opposed to going abroad. >> that could be true. more people decide, let me go to orlando or las vegas instead of frankfort or tokyo. >> all right. i want to shift gears an talk about the stock. it is near a two-year low, beb,