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

CASI Stock: One of These Levels Is Going to Give The best time to get involved in an investment is getting in right before it makes a move. I am focusing on CASI Pharmaceuticals Inc (NASDAQ:CASI) stock because I believe that CASI stock is sitting in a sweet…

CSCO Stock: These Signals Will Confirm a Sustained Move Toward Higher Prices Cisco Systems, Inc. (NASDAQ:CSCO) stock is trading higher on the day by 4.15%. This move toward higher CSCO stock prices is a result of investors reacting to a better-than-expected earnings report. The company reported earnings that…

IOVA Stock: One Signal Down, One to Go Today's focus is Iovance Biotherapeutics Inc (NASDAQ:IOVA) stock. I am returning to follow up on my report published on July 24: "Anticipating an Explosive Move Toward Higher IOVA Stock Prices." In that report, I outlined that Iovance Biotherapeutics stock was setting up…

CGC Stock: A Substantial Move, But the Signals I Require Have Yet to Be Generated The marijuana stock sector has just been shocked by exciting news. Constellation Brands, Inc. (NYSE:STZ) increased its ownership stake in Canopy Growth Corp (NYSE:CGC) stock to 38% by purchasing 104.5 million shares CA$48.60 per share, which translates into…

With CARA Stock, Patience Is a Virtue The biotechnology sector can be lucrative for investors. Many of the companies that populate this sector offer incredible upside potential. Just as many have led by example. So much hangs in the balance whether or not new innovative drug treatments are…

HYYDF Stock: Waiting for These Signals Marijuana legalization is fast approaching in Canada, and investors are hoping to cash in on this new lucrative segment of the economy that is set to go into effect this fall. My use of the word "hoping" to describe investor expectations was…

CGC Stock: Corrections Do Not Last Forever Canada is gearing up for the recreational marijuana market that will be launched this fall, and investors are eager to see how this new segment of the economy will play out. There has been so much enthusiasm for legalization that investors…

TER Stock: A Bullish Outcome Requires These Signals Who would have ever imagined that one day, marijuana would become legal, let alone such a lucrative market sector? The last few years speak volumes about this sector, as marijuana stocks went on a tear, amassing great wealth for investors.…

TRVG Stock: Positive Divergences Suggest the Bearish Trend Is Losing Steam The ultimate trading strategy is a simple concept. Buy a stock at a low price and sell it at a high price. As a concept and investment strategy, this seems easy enough. In practice, it is not…

ATKR Stock: Geared for Higher Stock Prices The market continues to roar toward higher index values, which is why trying to fight the tape has been a very poor decision lately. The current catalyst responsible for fueling the move toward higher index values has been a slew of…

TTMI Stock: This Level of Resistance Is Significant on Many Levels The current market environment is not the least bit bearish, which is why the major market indices continue to drive toward higher index values. I am delighted to be focusing on TTM Technologies, Inc. (NASDAQ:TTMI) stock because it…

MDRX Stock: The Anticipation Continues... Earlier this year, I stated numerous times that the market that characterized 2018 was nothing like 2017. The 2017 stock market was characterized by a progressive move toward higher values that was accompanied by low volatility. 2018 started out quite differently, as the…

TEUM Stock: Waiting for a Confirmation Signal Micro-cap stocks are a special breed of stocks. Their appeal lies in the notion that tiny market caps can appreciate manifold. This potential for windfall profits is why this category of stocks can be very fruitful but is also very speculative in…

AJRD Stock Is Geared for Higher Stock Prices The prospects of a trade war are scary, even though the market indices continue to dismiss its implications. My fears lie in the fact that this tit-for-tat affair has "war" in its title. History has shown us that trade wars have…

SGEN Stock: The Path of Least Resistance Is Toward Higher Prices I am focusing on Seattle Genetics, Inc. (NASDAQ:SGEN) stock because I happen to believe that it is destined for higher prices. My beliefs are based on a number of technical indications that were generated on the Seattle Genetics stock…

NIHD Stock: Moving Like a Freight Train Toward Higher Prices It is very seldom that come I across stocks that go on a perpetual move toward higher prices, which is why I am returning to focus on NII Holdings Inc (NASDAQ:NIHD) stock. NII Holdings stock has gone on a…

SSYS Stock: Still Waiting for Bullish Signals Buying low and selling high is what all investors seek to pursue when they initiate an investment strategy. The most opportune time to get into an investment is after it has bottomed and is about to embark on a move toward…

OGI Stock: A Correction Is Currently in Development Marijuana legalization in Canada is fast approaching, and the enthusiasm for this sector continues to grow. The cannabis sector is now full of retail investors looking to get rich. This could be a warning sign that speculation is running rampant;…

CY Stock: Anticipating a Bullish Breakout We are in the thick of the summer doldrums. Even though it is supposed to be a lackluster market, there is still much excitement in the air because earnings season is now in full effect. On balance, earnings have been quite good,…

CHKP Stock: Testing an Extremely Significant Level of Price Resistance Earnings season is now in full effect, and the direction in which the markets trade on any given day is determined by how investors perceive the slew of earnings that day. This earnings season has been very eventful,…