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

CARA Stock: Bullish Tailwinds Cara Therapeutics Inc (NASDAQ:CARA) stock has caught my eye for a number of reasons. The price chart is compelling and constructive, and the company is delving into the medical marijuana sector. What more can anyone ask for in the smoking-hot stock market? Marijuana stocks…

DISH Stock: Bullish Tailwinds DISH Network Corp (NASDAQ:DISH) stock continues to make new 52-week highs, and the price patterns on the stock chart are suggesting that higher prices are yet to come. In my previous report on DISH Network stock, I outlined the bullish developments that suggested that…

AMD Stock: Flying High In my last publication on Advanced Micro Devices, Inc. (NASDAQ:AMD) stock, I outlined a bullish pattern developing on the price chart that could really get Advanced Micro Devices stock moving. It did not take long for that feat to be accomplished, as AMD stock…

DIS Stock: Moving on Up In my last publication on Walt Disney Co (NYSE:DIS) stock, I outlined that a bearish signal was finally broken and, as a result, this meant that the bearish headwinds that were causing me much concern were starting to subside. This also meant that bullish…

OGI Stock: It Has Arrived I have not kept my feelings and views surrounding Organigram Holdings Inc (CVE:OGI) stock and all the other marijuana licensed producers that make up this new speculative growth sector a secret. In my previous report on Organigram, I outlined what I believe is driving investors…

CGC Stock: Still Looking Canopy Growth Corp (TSE:CGC, CVE:CGC) announced on December 1, 2016, that it would be acquiring a competitor in Mettrum Health Corp (CVE:MT) for an all-stock deal. Initially, both CGC stock and MT stock advanced on this news, with Mettrum stock enjoying a 38% gain…

EA Stock: Still Bullish Electronic Arts Inc. (NASDAQ:EA) stock has been under some pressure after it hit a high of $96.07 on October 4, 2016. After attaining this all-time-high, EA stock has begun trending lower and, in the process of trending lower, the selling pressure has caused a…

XRX Stock: Repeat of the Past? Xerox Corp (NYSE:XRX) stock is up 3.32% after the company announced its strategic plan. The company plans to lay off more workers after the company splits itself in half. The spin-off involves splitting up the printer-copier business segment from the contract services business…

WDC Stock: Not Surprised Western Digital Corp (NASDAQ:WDC) stock is set to trade higher on Wednesday after the company preannounced that second-quarter revenue is going to come in above the levels that were previously expected. As a result, the company has increased its forecast for second-quarter earnings. WDC stock…

AAPL Stock: Nothing Makeup Can't Fix In my last report on Apple Inc. (NASDAQ:AAPL) stock I had mentioned that even though Apple disappointed on earnings, the bull market in AAPL stock remained intact. At the time my report was published, AAPL stock was trading at $114.48, and now…

DDD Stock: Awakening the Bull I became bullish on 3D Systems Corporation (NYSE:DDD) stock this summer because I had reason to believe that the bear that ravaged the share price of DDD stock had decided that it was finished doing its worst and that it was time to hibernate once…

AMZN Stock: The Aging Bull In my previous report, I outlined that bearish headwinds have begun to develop around Amazon stock, and that the catalyst that triggered these headwinds was an earnings report that disappointed investors. These investors showed their disappointment by selling AMZN stock. This selling pressure…

TSLA Stock: Walking a Tightrope I have expressed my stance on Tesla Motors Inc (NASDAQ:TSLA) stock in my previous report on the company, and I have outlined that bearish headwinds have developed. and that price weakness could be expected because there was a lack of bullish signals that would support…

PYPL Stock: Hanging on Hope In October, I published a report outlining why I was bullish on PayPal Holdings Inc (NASDAQ:PYPL) stock. I had reason to believe that PayPal stock was on the verge of creating an unprecedented bullish run that would take PYPL stock to new heights. The…

Google Stock: Growing Pains For years now, bad economic news has been interpreted as good news for the stock market. These poor economic numbers have translated into easier monetary conditions and have reinforced a low-interest-rate environment. Investments like Alphabet Inc (NASDAQ:GOOG) stock, otherwise known as Google stock, do…

NFLX Stock: Bullish Tailwinds Once again, I am back to give my insights on Netflix, Inc. (NASDAQ:NFLX) stock. I have been fortunate enough that my calls on this investment have been quite timely. In my last report on Netflix, I outlined that my previous price target on NFLX stock had…

EBAY Stock: Acting Accordingly eBay Inc (NASDAQ:EBAY) stock has been on quite the wild ride this year. At its worst, it was down 21.7% and at its best, EBAY stock was up 20.7%. On December 1, EBAY stock was virtually at the breakeven mark. 2016 was an emotional…

AMBA Stock: Falling Knives Ambarella Inc (NASDAQ:AMBA) reported earnings after the close of trade on December 1, 2016 and, while it did beat both on the top and bottom lines, this semiconductor-maker disappointed with the forward guidance that it delivered. As a result, AMBA stock was trading lower…

GM Stock: Bullish Breakout General Motors Company (NYSE:GM) stock is soaring. The news that created the panicked buying in this automaker is that the company reported its auto sales for the month of November, which came in 10.2% higher than this same period last year. Every division was firing…

BLUE Stock: Breakaway Gap bluebird bio Inc (NASDAQ:BLUE) stock is trading higher on the good news that was disseminated after the close of trading on November 30. The news is actually better than good; it's fantastic. The company's myeloma cancer treatment has delivered significant benefits with no major side…