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

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…

BB Stock: A New Bull Market Is Born On December 20, BlackBerry Ltd (NYSE:BB) reported earnings that beat on both the top and bottom lines. Investors were thrilled with this news and, in response, bid the share price of BB stock higher by 10.31%. This move toward higher Blackberry stock…

Zcash Coin Prices Are on Their Way to $2,000 I have never been so enamored with a sector I have also had so much disdain toward at the same time. This may sound confusing, so let me explain. This bipolar attitude is directed at the cryptocurrency sector. The…

TWMJF Stock: The Path of Least Resistance Is Toward Higher Prices I am focusing on Canopy Growth Corp (OTCMKTS: TWMJF, TSE: WEED) stock because certain developments I have been following on the TWMJF stock chart have been resolved. I am going to outline these developments and what they mean…

OSTK Stock: One Last Hurdle to Clear Bitcoin has been getting quite a lot of attention lately, and for good reason, I might add. The cryptocurrency is up 1763.3% year-to-date, and the enthusiasm for cryptocurrencies and blockchain is spilling into the stock market. As a result, I am focusing…

VRX Stock: The Technical Analyst vs The Fundamental Analyst Valeant Pharmaceuticals Intl Inc (NYSE:VRX) stock was downgraded on December 14 by a JPMorgan Chase & Co. (NYSE:JPM) analyst citing valuation concerns. It caused the share price to fall by 10.75% that same day. The timing of this downgrade comes two days after…

MRNS Stock: Price Action Suggests Further Gains I have stumbled upon a small biotechnology investment in Marinus Pharmaceuticals Inc (NASDAQ: MRNS) stock. The reason why I find this investment intriguing is no different than the reason why I find most companies intriguing; it has everything to do with…

TSLA Stock: Waiting on Bullish Momentum I have my eye on Tesla Inc (NASDAQ: TSLA) stock because I am waiting for the creation of an indication that will act as a confirming signal suggesting that higher Tesla stock prices are in development. For those who have not frequented my…

XRP Coin Prices: A Parabolic Move Toward Higher Prices Is Now in Development Cryptocurrencies are an incredible asset class. As much as I hate this sector, I cannot help but love it at the same time. This asset class has no real tangible value, yet all the cryptocurrencies…

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…