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

ST Stock: The Technicals Continue to Support Further Gains I am focusing on Sensata Technologies Holding N.V. (NYSE:ST) stock and that reason should really come as no surprise. Like many of my publications that have come before it, the reason why I am focusing on Sensata stock is…

VRX Stock: The Path of Least Resistance Is Geared Toward Higher Prices In January of this year, I wrote a publication titled, "Valeant Stock: 2017, The Year VRX Stock Turns It Around." It's now time to rejoice in this festive season because those words have finally come to…

TWMJF Stock: These Indicators Will Determine What happens Next Developments on the Canopy Growth Corp (OTCMKTS: TWMJF, TSE: WEED) growth stock chart continue to suggest that TWMJ stock is setting up to make its next move. I am currently watching a technical price pattern and an influential momentum indicator that…

MEDFF Stock: Anticipating Further Gains Marijuana stocks have caught a speculative tailwind that is currently pushing the entire sector higher. The performance in this sector is being magnified by the exemplary performance of the equity markets, and it is never wise to bet against the tape. That is why I…

Ethereum Coin: This Is Why ETH Is Likely to Outperform BTC Bitcoin is making headlines at the moment, and it has become the talk of the town. A milestone event occurred on December 10 and this cryptocurrency gained some level of legitimacy as it began trading on the…

DRYS Stock: Another Epic Move Toward Higher prices? DryShips Inc. (NASDAQ:DRYS) stock is an investment that everybody loves to hate, and for good reason. This investment has been a case of much distress for any investor who decided that DRYS stock was ever a good long-term investment. DryShips stock has…

TDOC Stock: This Pattern Speaks Volumes I am watching Teladoc Inc (NYSE:TDOC) stock because there is a technical price pattern that is being painted on the TDOC stock chart. Once this pattern is complete, it will suggest that substantially higher Teladoc stock prices are on the horizon, which is…

THCX Stock: New All-Time Highs Are Not to Be Dismissed The quest for the next money-making investment is always an adventure, and I have been at it for almost two decades. I have made many mistakes along the way, but I have learned from those mistakes and I…

GOOG Stock: Benchmark Stock Suggests Further Gains The markets have been on an incredible run in 2017, and this move toward higher prices has proved to be the least volatile year in history, without a substantial pullback. A correction will occur someday, and banking on one has proven…

Bitcoin Futures: The Catalyst That Sends Bitcoin Price Soaring? On December 10, the Chicago Board Options Exchange (CBOE) is launching trading in Bitcoin Futures; eight days later, CME Group Inc (NASDAQ: CME) is doing the same. These exchanges will allow traders and institutions to speculate on the future price…

TWMJF Stock: The Trend Is Your Friend Wow, it has been a volatile year for Canopy Growth Corp (OTCMKTS:TWMJF, TSE:WEED) stock and its peers. At one point, Canopy Growth stock was down as much 28.15% on the year, but those losses were quickly erased. TWMJF stock has turned those frowns…

GBT Stock: Embedded Patterns Magnify the Reaction I am focusing on Global Blood Therapeutics Inc (NASDAQ:GBT) stock because I have reason to believe that an explosive move toward higher stock prices is brewing. My reasoning is based on the indications I have been able to pull from the Global Blood…

VRX Stock: A Bull Market Begins with This Price Point A lot of eyes, including my own, are watching the price action in Valeant Pharmaceuticals Intl Inc (NYSE: VRX) stock because after such a fall from grace, many (myself included) have been anticipating that perhaps the worst may be behind…

GLW Stock: The Path of Least Resistance Is Toward Higher Prices Since I initiated my bullish view on Corning Incorporated (NYSE: GLW) stock in January 2017, it is up 22.56%. The rationale responsible for generating this bullish view on Corning stock was published in a report titled "Corning Incorporated: GLW…

BIIB Stock Is Primed for Higher Prices The markets are absolutely on fire and the indices are consistently forging new highs. The biotechnology sector has been lagging behind the major market indices because this sector has yet to move beyond its highs set in 2015. As of late, this…

Ethereum Coin Has Only Begun Its Move Toward Higher Prices It is an exciting time for currencies. Bitcoin has been creating new highs for many months, and now other cryptocurrencies are following suit. I am focusing on the Ethereum coin price because I have reason to believe that…

BB Stock: $11.80 Is the Magic Number Once upon a time, BlackBerry Ltd (NYSE:BB) was a household name and the business elites insisted on using its handsets. This also marked an era when Blackberry stock was seen as an incredible investment with great growth prospects. That time has come and gone,…

GRMN Stock: Anticipating Higher Stock Prices I originally focused on Garmin Ltd. (NASDAQ:GRMN) stock because a very compelling price pattern was in development, which would dictate what would happen next with GRMN stock. I outlined these developments in a report published on September 18, titled, "Garmin Stock Is Setting the…

EMMBF Stock: Anticipating a Move Toward Higher Prices It is not a secret that marijuana stocks have been performing extremely well. It is causing many investors to flock toward this sector, looking for the next stock primed to make a move. I am focusing on Emblem Corp (OTCMKTS:EMMBF, CVE:EMC) stock because it…

MGW Stock: This Sector Is Red Hot, and It Is Cooking Up Higher Stock Prices Today's focus is on Maple Leaf Green World Inc (OTCMKTS:MGWFF, CVE:MGW) stock because it is a very interesting play involving a very hot sector. Marijuana stocks have caught quite a significant bid in recent…