let's get to seema moody in the newsroom. >> reporter: stock down 19% after reporting weaker than expectedts. according to the company solid sales and traffic results at qudoba were due to expected margins and the chief executive said sales were sluggish at jack in the box restaurant as several competitors began promoting aggressive offers and guidance came in well below expectations. the stock down nearly 20% after hours. >> seema, thank you. sounds like bad news every which way you slice it. >> mcdonald's. >> is that two words. >> one way for me. >> golden arches. >> and i thought that would win with chipotle's loss and maybe people got scared of the entire space. down 20%, a little bit of an overdone. 2014 it topped out at 60. past resistance should be support. >> getting worried about mcdonald's? you're long, right? >> i -- i don't think so. i mean, i think this is a case where the valuation isn't terribly cheap. this has been a defensive stock during a difficult time. when the bad stuff is flying higher mcdonald's is probably going to be sideways. it's been sideways. hasn't been sold