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.

Patrick Brik's Articles

PTOTF Stock: Geared Toward Higher Stock Prices October was a terrible month for stocks. The major market indices were caught in violent correction during this month and I could not be happier to see it finally come to a close. We have now entered the November, and I…

BIOS Stock: Has a Bull Market Begun Its Development? I have good and bad  news to share. Let’s begin with the bad, and get it over with. October was a terrible month for the stock market. The sell-off that struck the market has done such a degree of…

UUUU Stock: There Is Always a Bull Market Somewhere In recent weeks, I have been pointing out my concern that the stock market is likely in the process of forging a significant top, suggesting that a bear market might be brewing. This is obviously not good news that…

ORHOF Stock: Breaking Free From the Pack Since October 16, marijuana stocks have been caught in a correction. This correction has coincided with legalization in Canada, and the reaction that followed was well anticipated. It has been playing out just as I, and many other analysts, expected. As…

HYYDF Stock: A Bull Market Hangs in the Balance October was not a good month for stocks. Marijuana stocks, the market darlings, held up well at the beginning of the month, but once legalization in Canada became a reality, these stocks joined in on the selling. The selling has…

SHOP Stock: The Bull Market Is Fractured The month of October has not been kind to stocks. I believe that this round of selling pressure has cracked the foundation of this bull market because quite a bit of technical damage has been done to the major market indices. Going forward,…

I Couldn't Help But Notice DRYS Stock The stock market is so strange these days. The reason I am stating this is that, while the markets have been selling off relentlessly in recent weeks, a handful of shipping stocks have been bucking the trend and showing serious signs of…

This Pattern Will Determine What Happens Next With NIHD Stock The recent swoon that inundated the stock market with selling pressure has done a number on the market, and it has forever changed my perception of what I believe is likely going to unfold. I am no longer bullish…

OGRMF Stock and the Entire Marijuana Sector Hangs in the Balance Marijuana recently became legal in Canada on a federal level, and with this, a recreational market has been established. Investors had been waiting for this for a number of years now, and they had been showing their…

CGC Stock: Failed Signals Are Powerful Indications The market conditions are far from stellar. To be honest, they are quite atrocious. The month of October has not been kind to stocks, and I fear that this is only the beginning of a very large correction. This recent round of…

FB Stock: Bearish Pressure Is Mounting The markets are in shambles, and the infamous "FANG" stocks that have been the poster children for the bull market are beginning to crumble. The fact that these pillars of support have begun to fall is putting the entire bull market into question. I…

GOOG Stock: This Barometer for Market Health Suggests That Trouble Lies Ahead The stock market is in peril, and October is proving once again why it is one of the worst-performing months of the year. Seeking shelter has become an increasingly difficult task as both stocks and bonds…

NVDA Stock: This Is Why Further Selling Is Expected to Follow October is historically a bad month for stocks, and 2018 is no exception. I am focusing on NVIDIA Corporation (NASDAQ:NVDA) stock because the pillars of support that have been responsible for supporting NVDA stock in recent years have…

APHQF Stock: A Break Above Resistance at $16.00 Will Set the Wheels in Motion Marijuana is legal in Canada. This event has now come and gone, and I have to say, the way this sector performed on the first day of legalization caught me a bit off guard.…

CNTTF Stock: A Bullish Event, but Caution Is Warranted The month of October is proving once again to be a volatile one, in terms of the stock market. The major market indices are in turmoil, having been struck by a round of selling pressure. While this sell-off was…

AMBA Stock: Path of Least Resistance Is Geared Toward Lower Prices Ambarella Inc (NASDAQ:AMBA) has fallen on hard times in recent years. Its severed relationship with GoPro Inc (NASDAQ:GPRO) has put a dent into its sales figures. The company is finding it tough to grow as year-over-year sales…

CNTTF Stock: Destined for Higher Prices? Marijuana legalization in Canada is fast approaching, and I am getting fearful that a correction in this sector will quickly follow. My fears stem from two notions. The first is that an event like legalization can act as a catalyst, sparking a…