it's down more than 2% it's now negative for the year for more, we're joined by paul meeks, chief investmentfficer and senior vp and portfolio manager dan morgan gentlemen, thank you for joining us today >> thank you >> hi, morgan. >> paul, i want to start with you. i was looking at notes from you. you mentioned f-a-a-n-g stocks certainly looks like it's a bad day for tech are you buying >> the only stock that i bought last week on the initiation of the down draft was microsoft i would buy some facebook and google but what i would do is warn folks. everybody says that they're long term investors but few people are. if you're a trader or worried about short term drop in principle, i wouldn't buy google and facebook if you're a long term investor, i definitely would in the meantime, i want to see facebook in particular see if it holds $150 a share we'll see. >> all right and so when you say short term, you mean days, weeks months >> a couple things have to happen first of all, i'd like to see some of the stocks finally at least trough and also trouf gh lower than average volume. i think the te