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

TWMJF Stock: Implications Are Widespread Marijuana stocks as a whole posted exquisite performance numbers last year, and 2018 has started off on the right foot. The gains witnessed in this sector thus far have been parabolic in nature. While many investors are getting complacent, believing that much further…

BZUN Stock: Perfectly Aligned for Further Gains I stumbled upon Baozun Inc (ADR) (NASDAQ: BZUN) stock in June 2017, and it was the focus of my publication titled "Baozun Stock Is Perfectly Aligned for Further Gains." Those words have proven to be true; since that date, Baozun stock has appreciated to…

MDRX Stock: Breakout Implies Much Higher Stock Prices It brings me great excitement to outline the developments that have just occurred on the Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) stock chart. The technical price pattern that I first highlighted in a publication in October 2017 is finally complete, and it implies that…

ACBFF Stock: Price Objective Obtained Marijuana stocks went from being one of the hottest sectors, by registering very impressive daily gains, to one of the coldest, as a correction has gripped this entire sector. The losses are substantial and they are beginning to add up; I have reason…

KODK Stock: From Bearish to Bullish in a Blink of an Eye It is not difficult to see that speculation is running rampant because the mention of words like "cryptocurrency" or "Blockchain" is causing stocks to appreciate by leaps and bounds. Blockchain is the technology behind Bitcoin and the…

ATVI Stock: Watching This Significant Level of Price Resistance 2017 was a year for the record books, as the markets were on a steady climb and there was little to volatility to shakes the nerves of investors. If there is one thing I could wish for on the…

GBT Stock: Higher Prices Are Now in Development It didn’t take long to vindicate my bullish stance on Global Blood Therapeutics Inc (NASDAQ:GBT) stock, because the same day my report, “Eyeing These Global Blood Therapeutics Stock Price Developments,” was published, GBT stock appreciated to the tune of 19.07%…

CORT Stock: The Path of Least Resistance Is Toward Higher Prices 2018 has started off on the right foot and equities are making headway, continuing the trend that characterized all of last year. I have a tendency to believe that biotechnology stocks are going to outperform this year and…

XRP Coin Prices: Corrections Are a Healthy Part of a Bullish Trend Cryptocurrencies continue to garner a lot of attention, and even the slightest mention of the work "blockchain" piques investor interest. There are a lot of opinions with regards to this new asset class, and I can honestly…

XNET Stock: Blockchain Is No Laughing Matter I have stumbled upon Xunlei Ltd (NASDAQ:XNET) stock, and I must say that this company is very intriguing. It operates in the cloud computing space, and it has recently ventured into the blockchain arena. Given the backdrop created by Bitcoin and the…

OGRMF Stock: Corrections Are Healthy The marijuana stocks sector is hands down the hottest stock sector at the moment, and the gains I have seen in the last few weeks alone are reminiscent of the parabolic moves I witnessed at the peak of the dot-com bubble in 2000. That…

JD Stock: Anticipating New All-Time Highs I am focusing on JD.Com Inc(ADR) (NASDAQ: JD) stock because I am bullish on the prospects of this investment going forward. My bullish beliefs surrounding JD.Com stock are based on technical analysis. Technical analysis is a method of investment analysis based on the notion that…

GBT Stock: Awaiting a Break Above Resistance I am once again focusing on Global Blood Therapeutics Inc (NASDAQ: GBT) stock because I continue to believe that a move toward higher GBT stock prices is on the horizon. These beliefs surrounding Global Blood Therapeutics stock is based on a method of…

CMED Stock: The Marijuana Stock Sector is on Fire 2017 ended on a high note as marijuana stocks put in incredible advances at year-end, which bodes well for 2018. I am focusing on CanniMed Therapeutics Inc (OTCMKTS:CMMDF, TSE:CMED) because it is marijuana stock, and it is benefiting from this sector-wide…

MGW Stock: The Entire Marijuana Sector Is Making a Move The year's end is fast approaching and there is nothing as hot as marijuana stocks right at this moment. The moves in this sector this week have been awe-inspiring and as a result, people are clamoring for it…

EMC Stock: Time to Catch Up to Its Peers Marijuana stocks are ending off 2017 on high note, and with no pun intended, the moves that this sector is currently experiencing are awe-inspiring. I have decided to focus on Emblem Corp (OTCMKTS:EMMBF, CVE:EMC) stock because EMC stock has been lagging…

WPRT Stock: The Golden Cross Rules the Day I am focusing on Westport Fuel Systems Inc (NASDAQ: WPRT) stock because I have the inclination to believe that higher Westport stock prices are on the horizon. This bullish inclination toward this stock is based on the method of analysis known as…

DISH Stock: Indications Support Higher Prices I am focusing on DISH Network Corp (NASDAQ: DISH) stock because it is currently testing an extremely important level of price support. What happens on this level of support will determine the direction that DISH stock is likely to venture in next. In…

ACBFF Stock: Setting Its Sights on Further Gains Marijuana stocks are set to end the year on a high note and it favors further gains in 2018. I am focusing on Aurora Cannabis Inc (OTCMKTS: ACBFF) (TSE: ACB) stock because I want to reiterate my bullish stance on ACBFF stock and…

XAU Stock: All Eyes Are on This Price Point I don’t think there is anything that is creating more buzz than Bitcoin and its cryptocurrency counterparts. It’s actually crazy that something dubbed "digital gold" has grown into something so big that it has gained legitimacy by trading on…