Patrick Brik, BAS

Patrick Brik is a research analyst and editor at Lombardi Financial. His investment philosophy is based on merging fundamental and technical analysis in an effort to produce timely and actionable investment ideas.

Patrick has accumulated 18 years of trading experience, which include 13 years of private wealth management at Nesbitt Burns. Patrick is a graduate of York University’s business program and is currently pursuing his CFA and CMT designations.

Get to Know Patrick…

What was your first investment?

My first investment was Loewen Group in 1998. I can’t recall exactly what drew me to buy that position other than it sitting at its 52-week low. After weeks of news circulating regarding a pending bankruptcy, I finally got out at a small loss. I decided I should pursue a more diligent route in my investing. It was at that point that I came across an article on the art of technical analysis and I was hooked.

What is it about technical analysis that is so intriguing to you?

I always wanted to know why certain stocks and sectors moved up or down in any given timeframe. Technical analysis explained the concepts of trends and how a price chart can give insight to ebbs and flows. Technical analysis simplifies investments into an orderly system that allows the framework to produce a profitable trading strategy.

What’s the most important advice you would offer to investors?

Always define your risk-and-return objectives prior to making an investment. A defined exit strategy is the cornerstone of a profitable investing strategy. Set your risk as a stop, thus eliminating any emotional biases that may present themselves if the position moves against you.

Patrick Brik's Articles

EA Stock: Up, Up, and Away In my previous publication on Electronic Arts Inc. (NASDAQ:EA) stock, I dubbed it a "Trader's Paradise" because of its ability to adhere to rules set out by technical analysis. Technical analysis is my preferred method when analyzing a potential investment because I…

AMAT Stock: Indications Support an Advance The bullish run in Applied Materials, Inc. (NASDAQ:AMAT) stock, which began in August 2015, has been nothing short of spectacular. In that time span, AMAT stock has managed a whopping return of 160% for those savvy enough to pick up shares as the…

BABA Stock Shows Bullish Price Behavior As an analyst who bases his investment views and strategies on technical analysis, I am completely enamored with investments like Alibaba Group Holding Ltd (NYSE:BABA) stock. This adoration stems from BABA stock's constructive price behavior and its adherence to technical rules. The stock…

General Motors Stock: Up, Up, and Away There are two distinct reasons why I am bullish on General Motors Company (NYSE:GM) stock. The first reason stems from the company's foray into the autonomous driving segment, and the second—and most important reason—stems from the indications that I have garnered…

BIDU STOCK: Fireworks Expected There is a compelling picture that is currently being painted on the Baidu Inc (ADR) (NASDAQ:BIDU) stock chart, and I have been watching this picture develop with admiration and great anticipation. The picture that is in development has an embedded pattern that is suggesting that…

MMM Stock: All-Time Highs I have held a bullish view on 3M Co (NYSE:MMM) stock for quite some time. This view has been predicated on the method I use to base my investment views. This method relies heavily on technical indicators and price patterns, which are used to decipher…

NVDA Stock Still Bullish, for Now... From the low of $24.51 that was set in February of 2016, NVIDIA Corporation (NASDAQ:NVDA) stock has gone on an epic run. This run has left most, including myself, in awe. I have been following NVIDIA stock for much of this run that…

Further Upside Expected for Marijuana Stocks This once frowned-upon sector of the underground economy is going mainstream, and it will eventually only share the same level of stigma as alcohol. Every day that passes, we inch closer to the long-anticipated day when marijuana will be legalized. Hot money continues…

AMZN Stock: Charging Ahead There is absolutely no reason to try and stand in front of a freight train, and for those dumb enough to do so, the chances of surviving are slim to none. Amazon.com, Inc. (NASDAQ:AMZN) stock is a perfect example of this freight train, and…

SIRI Stock: Doing It Right Sirius XM Holdings Inc. (NASDAQ:SIRI) seems to be doing everything right, and these efforts are only now starting to pay off as Sirius XM stock investors are starting to cash in on the fruits of the company's labor. On February 2, 2017, Sirius XM…

Salesforce Stock Is Trending Higher salesforce.com, inc. (NYSE:CRM) is the cloud computing giant that struts itself as the "customer success platform" for your business. Salesforce instils the notion that its cloud computing products are the smarter and faster way to manage your business. After walking through a number of their demos, there…

NTDOY Stock Is Building a Bullish Foundation Nintendo Co., Ltd (ADR) (OTCMKTS:NTDOY) is making headway once again in the gaming world, and it is time to take notice. Last summer, the company made quite a splash with its Pokémon Go mobile game app that caused Nintendo stock to surge in price…

QCOM Stock Warrants Bullish Optimism QUALCOMM, Inc. (NASDAQ:QCOM) stock has been battered following a suit filed by Apple Inc. (NASDAQ:AAPL), claiming that the company's licencing practices constitute monopolistic behavior. This news sent QCOM stock plunging 12.7%, and for good reason; it doesn't take a rocket scientist to realize that Apple…

APH Stock: Speculation Is Back There is still quite a lot of speculation surrounding marijuana stocks, and for good reason. The investment world is still waiting for the government to announce the details surrounding the recreational marijuana market. These details are expected to help boost the bottom line…

YHOO Stock: All Signs Point North Yahoo! Inc. (NASDAQ:YHOO) stock continues to behave in a constructive manner, which suggests that the year-to-date gains are set to continue. This notion is supported by the tech-heavy NASDAQ index that continues to make new all-time highs. A rising tide raises all…

TWTR Stock: Targeting New Lows Twitter Inc (NYSE:TWTR) reported earnings on February 9, 2017, and although there were some enthusiastic metrics that are showing growth, revenue is still the largest concern. That report highlighted that Twitter has now reported its 10th consecutive quarter of slower revenue growth, and given…

AMBA Stock: Bullish Trend Reversal Quite a bit has changed in the last few weeks since my last publication on Ambarella Inc (NASDAQ:AMBA) stock. On January 20, 2017, my report titled "Ambarella Inc: AMBA Stock Can Regain Its Footing Here" was published, and it outlined the situation that…

AMD Stock Is Going Parabolic Advanced Micro Devices, Inc. (NASDAQ:AMD) stock has been on an epic run since it bottomed in 2015, and there are some signs that this run is going to gain even more steam. In the traders' universe, we refer to this type of price…

DIS Stock: Heading Higher Walt Disney Co (NYSE:DIS) reported earnings on February 7, and the results were mixed. The company managed to beat on the bottom line, but the top line fell short of expectations. The revenue miss was due to continued pressures from the ESPN network division as…

BABA Stock: The Bull Rages On Alibaba Group Holding Ltd (NYSE:BABA) stock continues to exhibit bullish tendencies that support the notion that higher prices are a likely outcome. These bullish tendencies consist of bullish price action and indicators that are generated on the Alibaba stock chart using technical analysis. Technical…