Patrick Brik, CFA, 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 has recently attained both the 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

EMC Stock: Patience Is Warranted I have my eye on Emblem Corp (CVE:EMC)(OTCBB:EMMBF) stock because I believe that there is an opportunity presenting itself in EMC stock and all the marijuana stocks that create this sector. 2017 has been a polar opposite to 2016; all the hype and…

AMD Stock: Key Indicators Are Supporting the Notion of Higher Prices After a stellar 2016, which witnessed Advanced Micro Devices, Inc. (NASDAQ:AMD) stock appreciate to the tune of 295.12%, the performance this year has been lackluster. Year-to-date, AMD stock is up 11.73%, which on its own is impressive, but it…

TWLO Stock: The Trigger That Will Confirm a Bottom Is in Place I have been watching Twilio Inc (NYSE:TWLO) stock for some time, and late last year, I started looking for indications that would signal that the stock has finally put in a bottom. A bottom would serve to…

BITCF Stock: Caution Is Warranted I have been silent on Bitcoin since my views were published on this cryptocurrency on January 5 of this year when Bitcoin was trading at around $1,006. The publication was titled "The Bitcoin Price Bubble Is Far from Over," and I clearly stated…

Bitcoin: The Blow-Off Stage Is Now Upon Us Cryptocurrencies are the latest rage, and nothing quite grabs headlines like Bitcoin and Bitcoin prices. This past weekend, the Bitcoin price crossed the $4,000 threshold, and for someone like myself who expresses his opinions on investment products, this feat marked…

VNTV Stock: Bullish on Multiple Time Frames It brings me great pleasure to express my opinion on Vantiv Inc (NYSE:VNTV) stock. This holding company operates as a payment processor, which may not seem so compelling on the surface, but I surely believe that it is. We are transitioning…

DIS Stock: Indications Are Now in Bearish Alignment Walt Disney Co (NYSE: DIS) reported earnings on August 8, 2017, and the numbers were lackluster to say the least, as they missed on both the top and bottom lines. What caught many off guard is that Disney announced its plans…

SNAP Stock: Bottoming Pattern in Development Snap Inc (NYSE:SNAP) has been an awful investment since day three. The first two days of trading were positive, so let's at least give Snapchat stock that much. What followed was a series of disappointments that caused SNAP stock price to fall by…

NBIX Stock: Waiting on a Breakout I am super excited about the prospects of Neurocrine Biosciences, Inc. (NASDAQ:NBIX) stock going forward. This excitement is stemming from the beautiful price pattern that is being painted on the Neurocrine Biosciences stock chart. Aside from its beauty, the size and scope of it…

RDNT Stock: The Fuse Is Lit, and Fireworks Can Be Expected It brings me great pleasure to provide my views on RadNet Inc. (NASDAQ:RDNT) stock. As of late, I have been enamored with the healthcare space because the stocks within it have begun to stage bull market advances, and…

WEED Stock: So Close, Yet So Far There have been a number of developments on the Canopy Growth Corp (TSE:WEED) stock chart that are worth noting, and this is why I have decided to focus on WEED stock once again. The last time I focused on Canopy Growth stock,…

Indications Remain in Bullish Alignment for SPWR Stock  SunPower Corporation (NASDAQ:SPWR) stock suffered a setback on August 2, on the heels of an earnings report that failed to enthuse investors. Sunpower beat on both the top and bottom lines, but the company had lower forward guidance, which was the catalyst…

AMGN Stock: A Break Above $182.50 Will Set the Wheels in Motion I am focusing on Amgen, Inc. (NASDAQ:AMGN) stock because there are two factors that are worthy of excitement. First and foremost, I find the AMGEN stock chart compelling. New indicators on the company's stock chart are…

VSH Stock: Indicators Are in Bullish Alignment I love the semiconductor space because the performance of the companies within this sector has been outright phenomenal. So when I stumbled upon Vishay Intertechnology (NYSE:VSH) stock, you can imagine how enamored I was to find out that it operates as a…

Yelp Stock: Breaking Out! Friday August 4, 2017, was a marvelous day for Yelp Inc (NYSE:YELP) stock as it closed the day at $40.05, which was a staggering 27.67% higher than the previous day's close. The reason why Yelp stock surged by this amount was due to its stellar…

BMY Stock: A Break Above $57.50 Will Set the Wheels in Motion The pharmaceutical names are back in the limelight, and this time it's for all the right reasons. It is why I am focusing on Bristol-Myers Squibb Co (NYSE:BMY) stock. There are a number of indications on the BMY stock…

WDAY Stock: Constructive Developments I am providing an update on Workday Inc (NYSE:WDAY) stock because the price action that followed my previous publication has become constructive, and a resolution of this constructive price action will indicate which direction WDAY stock is heading in next. My last update on Workday…

VRX Stock: One Piece Away from a Bull Market A number of bullish events have transpired since my last update on Valeant Pharmaceuticals Intl Inc (NYSE:VRX) stock. In that May 17, 2017 update, titled "Valeant Stock Is Slowly Becoming Bullish Once Again," I outlined a number of stock chart…

INTC Stock Is Geared Toward Higher Stock Prices Watching Intel Corporation (NASDAQ:INTC) stock has been frustrating, to say the least. This frustration stems from the stock's inability to gain any traction as the equity markets continue to forge new highs. This discouraging news only gets compounded, knowing that Intel…

BIIB Stock: This Trigger Will Set the Wheels in Motion I am watching Biogen Inc (NASDAQ:BIIB) stock like a hawk, because I'm inclined to believe that this biotech stock is on the verge of breaking out to the upside. This breakout would set the wheels in motion to send BIIB…