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

BMY Stock: More Pain Bristol-Myers Squibb Co (NYSE:BMY) stock was pounded with selling pressure after a news release hit the news wires with the announcement that the company will no longer seek accelerated approval of its immunotherapy cancer drug “Opdivo." By the time the closing bell rang on Friday,…

SWKS Stock: Bullish View Vindicated Skyworks Solutions Inc (NASDAQ:SWKS) reported first-quarter earnings after the close of trading on January 19, and it beat on both the top and bottom lines. If this news was not great on its own, Skyworks threw in a $500.0-million stock repurchase program as a…

AMBA Stock: Time for a Stand It was quite a wild ride for Ambarella Inc (NASDAQ:AMBA) stock in 2016. The year stared off poorly, as a market sell-off gripped Ambarella stock and sent it spiraling lower by 40%. It took AMBA stock five months to shake off this slide…

AAPL Stock: Targeting Milestones There is something really special about Apple Inc. (NASDAQ:AAPL) stock and it is not because I own a few Apple products. As an investment, AAPL stock is very orderly and deliberate in its price action. These characteristics make Apple stock a great candidate for trading…

CSCO Stock: Locked and Loaded Cisco Systems, Inc. (NASDAQ:CSCO) stock is setting up to make a serious move, and this comes at time when the volatility in CSCO stock has been nearly erased. Large swings in Cisco's stock price are almost non-existent. Since the middle of December 2016,…

George Soros Stocks George Soros is in the limelight to begin 2017 and it has little do with George Soros's net worth of $24.9 billion, or his ranking on the Forbes list. The media is having a frenzy with the $1.0 billion in losses that were incurred in the…

EA Stock: Trader's Paradise When it comes to gaming, I like Electronic Arts Inc. (NASDAQ:EA). This fondness is especially true with its gaming titles. When it comes to investing, I love EA stock because the price chart is so compelling that it is the only reason I need…

NFLX Stock: Defying Gravity Netflix, Inc. (NASDAQ:NFLX) reported earnings after the close of trading on January 18, and to everyone's delight, it beat on both the top and bottom lines. Investors cheered this great news and sent NFLX stock surging higher by 8.13% to $144.10 in after-hours trade,…

TWOU Stock: Approaching Lift Off 2U Inc (NASDAQ:TWOU) stock is setting up to soar, and it contains such constructive price action that I have dubbed it a "Trader's Paradise." The requirements to join this exclusive club are based on an investment's ability to adhere to rules set out…

GIMO Stock: Getting Crushed After the close of trading on January 17, 2017, Gigamon Inc (NYSE:GIMO) warned that its fourth-quarter results, to be released on February 2, are going to fall short of expectations. This shortfall is going to affect both the top and bottom lines, and as a…

TXN Stock: Approaching the All-Time High Texas Instruments Incorporated (NASDAQ:TXN) stock is setting up to run once again. The trend toward higher prices continues, and the constructive price indicators that have been supporting an advance in TXN stock continue to mount. I stated in my previous publication about this…

STX Stock: Testing Support Seagate Technology PLC (NASDAQ:STX) stock was ravaged by a brutal bear market that began in late 2014. This bear market erased 70% of STX stock's market value before the selling finally abated. It may be hard to believe, but this sell-off was actually constructive,…

FB Stock: Trending Higher My bearish views on Facebook Inc (NASDAQ:FB) stock are proving to be ill-founded, because the price is failing to agree with my views. To add salt to my wound, Facebook stock is increasing as bearish signals have continued to mount. So, as a result, I…

INTU Stock: Rule Abiding Citizen I am ecstatic to highlight Intuit Inc. (NASDAQ:INTU) stock because I seldom come across a stock that adheres so closely to technical rules and contains such an exquisite trend. I have looked at INTU stock over numerous time frames and I have yet to come…

Intel Stock: Patience Has Its Rewards In November 2016, I published a report on Intel Corporation (NASDAQ:INTC) stock, illustrating that the bullish developments that were generated earlier in the year were being put to the test. This test was spurred on by a disappointing earnings quarter that sent…

SYMC Stock: Hold on Tight The moment of truth is upon Symantec Corporation (NASDAQ:SYMC) stock, as it has exited a price pattern and is now making a new all-time high. This event marks the beginning of what could be an epic run in SYMC stock. Internet security is…

BMY Stock: Further Downside On Wednesday, January 11, 2017, President-elect Donald Trump attacked drug makers in a press conference and accused them of "getting away with murder." This "murder" reference was in regards to their predatory pricing polices that have been scrutinized by the mainstream media. This comment caused…

Paypal Stock: Setting Up, Once Again Paypal Holdings Inc (NASDAQ:PYPL) stock and I have a love/hate relationship now. This may sound silly, but I was convinced in late October that PayPal stock was on well on its way to forging new all-time highs, I even had a price…

QCOM Stock: Geared Up and Ready The sell-off that gripped QUALCOMM, Inc. (NASDAQ:QCOM) stock in 2014, finally bottomed in February 2016, after 46% of the company's value was wiped away. Since those lows were created, Qualcomm stock has trended higher in such an orderly manner that suggests that…

SRPT Stock: Price Shocks Sarepta Therapeutics Inc (NASDAQ:SRPT) stock soared on January 10, 2017 following its presentation at the JPMorgan Healthcare Conference. That's where Sarepta announced that the company’s Duchenne muscular dystrophy (DMD) drug—which was just approved by the U.S. Food and Drug Administration (FDA) in September 2016—generated $5.4…