Patrick Brik, BAS, CFA, CMT
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.
CWEB Stock: Is This the Beginning of a Spectacular Move Toward Higher Stock Prices? In 2019, the stock market has taken on a new attitude. The fear and the selling pressure that gripped the stock market late in 2018 has completely dissipated and a buying spree has taken its place.…
ATEN Stock: Is This Sleeper Stock About to Be Woken Up? Stocks have a tendency to lull people to sleep before making huge moves. This happens time and time again. As investors, we always look back and wish we were part of these huge moves. In essence, this is…
AMZN Stock: Bearish Signals Continue to Mount In September, Amazon.com, Inc. (NASDAQ:AMZN) reached a coveted milestone by becoming only the second company to ever reach a $1.0-trillion valuation. It was not a coincidence that the markets followed suit by forging new highs of their own; AMZN stock is a…
Box Stock: An Attempted Trend Reversal Will Be Initiated The new year started out with the major market indices staging quite an impressive advance. This is nice change of pace, considering the disappointing fashion in which 2018 ended. What makes the current advance in the stock market that…
CGC Stock: A Bearish Signal Averted Very few sectors can provide the moves that marijuana stocks have been able to provide. Over the past few years, this sector has provided spectacular rallies followed by frightening sell-offs. These moves have been driven by emotions, specifically fear and greed. The…
MSFT Stock: A Correction in Its Infancy Microsoft Corporation (NASDAQ:MSFT) has been fighting neck and neck with the likes of Apple Inc. (NASDAQ:AAPL) and Amazon.com, Inc. (NASDAQ:AMZN) for the title of the world's most valuable company. This is a prestigious title to hold, but at the moment, it is masking…
Aleafia Stock Is Poised for a Move Toward Higher Prices Marijuana stocks remain a hot topic among retail investors, and for good reason. We have been witnessing the birth of the recreational marijuana market, and marijuana stocks provide an excellent opportunity to participate in this new segment of…
This Is Where I Draw the Line on APHA Stock Aphria Inc (NYSE:APHA) is a marijuana stock that continues to make headlines. In December 2018, a short seller's report came out alleging that the company and its insiders had committed fraud. Investors obviously did not take kindly to this report…
CIEN Stock Is Completely Disregarding the Selling Pressure The stock market environment has been quite dreadful since the beginning of October 2018, with many stocks suffering. There is no doubt that this market has become quite difficult to deal with, but don't get me wrong: this does not…
BIOS Stock: Backtests Are a Trader's Best Friend When using technical analysis to determine the merits of an investment, there are a countless tools and strategies that someone can employ to their advantage. Characteristics found in the price action are among my favorites. For instance, backtests remain one of my…
MTLS Stock: A Complete Disregard for Market Selling Pressure Keeping one's cool in this stock market environment has not been an easy task. This is especially true, given the recent bouts of volatility and the disappointing December that investors had to endure. To put things into perspective how…
SPLIF Stock: One Last Hurdle Remains In 2018, Canada paved a new path by legalizing recreational marijuana. In 2019, Canada is taking the next steps by legalizing marijuana edibles. From an investment standpoint, the October 17, 2018 legalization date set by the government became a selling event for…
Technology Sector Overview for 2019 The new year has arrived and, for many, this marks a fresh start. This is especially true for money managers. I am sure many of them are looking forward to a new beginning because 2018 did not exactly shape up to be a…
CRON Stock Is One of the Very Few Marijuana Stocks Still Poised for Gains Marijuana stocks continue to be a favorite among retail investors. As a result, some investors are using the current weakness that has plagued this sector and the general stock market to pick up their…
TRSSF Stock: Coinciding Levels of Price Support Are Not a Coincidence 2019 has just begun, and I am pretty sure that many are hoping it will bring a change in fortune, because the previous year ended on a sour note. December 2018 ended up being the worst-performing December on…
ORHOF Stock Needs to Regain Its Footing Above Price Support It's hard to believe that a few short months ago, the markets were forging new all-time highs. But now, we are on pace for the worst December since the Great Depression. The selling pressure that has hit the…
ACB Stock: The Tide Has Turned, Lower Prices Likely to Prevail I have been saying since early October that a defensive stance is the best course of action. And now we are seeing why, as the climate for stocks has gone from bad to worse very quickly. December…
DRYS Stock Is Ready to Pop Like a Coiled Spring December is usually a seasonally good month for the major market indices, but not this year. The combination of an ongoing trade war, a Federal Reserve that continues to raise interest rates, and a government shutdown has mas…
CRON Stock: The Sector is Likely to Sustain Further Losses Marijuana stocks as a whole have been performing poorly since October 17, which was when marijuana became legal in Canada. Since that date, this sector has been caught in a downdraft, and that the general state of the…
GOOG Stock: A Bearish Trend Has Just Begun It was in early October that my views toward the markets started to change dramatically. The reason is that the proxy that I use to gauge the health of the stock market was warning that a trend reversal was in…
