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

DNR Stock: A Bullish Trend Still in Development I am focusing on Denbury Resources Inc. (NYSE:DNR) stock because I wanted to follow up on a report that I wrote on March 29, 2018, titled "DNR Stock Is Clearly a Bullish Trend in Development." In that report, I outlined why…

SENS Stock: Prospects Look Bright Going Forward The markets are really good at keeping sentiment contained. It seems that, just when the markets are going to make a sustained move toward higher prices, another shoe drops that causes the markets to endure another round of selling pressure. From…

INFY Stock: Anticipating a Breakout If we brush aside the tensions currently being created by the trade war, there is still a lot to be bullish about in this market. For instance, the small-cap stocks continue to forge new highs, which is a sign that there is still…

QRVO Stock: A Very Large Technical Price Pattern Is Approaching Completion At this exact moment, I am dismissing the implications suggested by the trade war currently being waged because I believe, and have reason to believe, that the indices are still poised for further gains. You do not…

TDC Stock: Higher Stock Prices Are Likely to Follow I am not sure if many investors have noticed, but the bull market in stocks has already resumed after the correction that gripped the market earlier this year. The move toward higher index values is currently being led by…

META Stock: Patience is Warranted Summer is almost upon us, and the media outlets that like to throw around adages like "sell in May and go away" will likely start throwing around the notion of the "summer doldrums." There are number of indices that are currently forging new…

OGRMF Stock: One More Hurdle Investing is a fickle activity that has a tendency to play with one's emotions. For example, just when we believe we are certain about the outcome of a particular event, that is often when we are completely wrong. It's like old adages, which…

FOXA Stock: Primed for Further Gains We live in crazy times. The President of the United States shook hands with the Supreme Leader of North Korea, which was just a few days after he called the Prime Minister of Canada (who I had assumed was our closest ally)…

DHR Stock: Waiting for the Applicable Signals I have good news. The markets are once again poised for higher values, which is not unexpected if you have been following my reports. I stood my ground earlier this year when the markets were under duress, stating that I didn't see anything…

FGEN Stock: Anticipating Much Higher Stock Prices We are almost halfway through 2018. The first part of the year is one I think many would like to forget because the investment environment was subpar, to say the least. I am looking forward to the second half of 2018 because…

MYMMF Stock: Waiting on a Confirming Signal The world is slowly starting to embrace marijuana legalization, and Canada is currently leading that charge. Later this year, marijuana is going to become legal on a federal level, making it a recreational substance just like alcohol. This is big news,…

IQV Stock: Technical Indications Support a Bullish Outcome I have been bullish this year, and I have maintained this view in light of the tenuous market conditions that prevailed in the first part of 2018. The reason why I am bringing this up is because I now believe…

AMD Stock: Buy in May and Stay? Every year, in the month of May, the media throws around the famous old adage, "Sell in May and go away." It then asks pundits and analysts to comment on this adage, wanting to know if this is the year that…

Coinciding Indications Are Implying That Higher CSOD Stock Prices Are on the Horizon The first part of this year was a tenuous one for investors. The markets were weak and the environment put many investors and traders on edge. Maintaining a bullish bias during this period was a…

RARE Stock Is Now Geared Toward Higher Prices If we ignore the media headlines and focus on the price action on the indices, there is good news all around. The Russell 2000 small-cap index is forging new all-time highs and the Nasdaq Composite index is doing the same.…

SMCI Stock: Anticipating a Bullish Outcome Through all the malaise that characterized the first quarter of 2018, I maintained a bullish bias. I can attest that holding this view was not an easy task, and that—at the time—I even had my doubts. The swings were violent in nature,…