Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

TSMC Weak Crypto? Oh Really? Look Out AMD NVIDIA Shorts

AMD (NASDAQ:AMD) and NVIDIA (NASDAQ:NVDA) stocks are both down premarket because of reports that TSMC warned about weak crypto demand.

Really, c'mon, let's see what TSMC really said.

This is from the TSMC press release today,
"...while the continuing strong demand for cryptocurrency mining moderated the mobile softness."

Uh, wait a minute. "Strong demand for crypto"??? Did I read that right? That's not weak. Right. Weak does not equal strong right? I have that right, right? Strong is strong.


"Moving into second quarter 2018, continued weak demand from our mobile sector will negatively impact our business despite strength in cryptocurrency mining."

I'm sorry, what did they say? "Strength in crypto mining." Are you serious?

That sounds pretty current to me.

I'm going to ask you a little question. 

What do you think if AMD and NVIDIA say on their earnings calls that they saw "strength in crypto mining." Oh my that would be exciting, wouldn't it? Look out shorts.

We're bullish on both AMD and NVIDIA because we think there are offsets to the crypto weakness that can help the numbers blow out anyway.

But, oh my, if crypto ends up being better than very weak, look out, this is going to be fun.

Oh, One Other Point. The Bitcoin Chart

We're using the bitcoin chart as a proxy for crypto in general.

Anybody notice that Bitcoin broke its downtrend which is a bullish technical move.

The same way crypto currency prices dropped they can rise. It's based on every Uber-cab driver and their mother chasing the trend. That can cause this trend to move back up just as easily as we've written.

As for mobile weakness, we've been saying that's the main weak part of techland and we're avoiding that sector for now.

Chart Source

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Quick Reading Comprehension

TSMC said in their earnings release today that :

A) Crypto's absolutely finished.
B) They have a $30,000 6 month price target on Bitcoin
C) Crypto is going to substitute for all of the world's fiat currencies by the end of the year.
D) They are seeing strength in cryptocurrency mining.

Please give your best answer in comments

All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. Model portfolio trades and positions are hypothetical to be used for directional analysis and ratings purposes. Elazar and its employees do not take individual stock positions to avoid front running and other potential customer related issues. Elazar does take macro positions for clients where directions can change regularly.

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