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

GRPN Stock: Trend Reversal Groupon Inc (NASDAQ:GRPN) stock has been a disaster since day one. Shares went public on November 4, 2011, hit their all-time high of $31.14, and then closed the day just off their low at $26.11. That fateful day set the precedent that defined the…

TWTR Stock: Potential Bottom? Twitter Inc (NYSE:TWTR) stock has been the equivalent of dead money since June 3, 2015. If you were unfortunate enough to own shares at that time, your current loss stands at -55%. That is without a doubt a hard to pill to swallow. When…

CELG Stock: Back on the Bullish Track If you are new to charting or just curious, Celgene Corporation (NASDAQ:CELG) stock chart is a great example of charting at its best. When I scan through hundreds of charts, I like to focus on the ones that I find clear…

BIIB Stock: More Than Just Rumors Biogen Inc (NASDAQ:BIIB) stock has been the subject of buyout rumors. This has caused some price volatility, to say the least. On August 2, shares of BIIB stock surged 9.3%, based on these speculative rumors. On August 3, we saw a drop…

AKAM Stock: Bears Regain Control Akamai Technologies, Inc. (NASDAQ:AKAM) reported its second-quarter earnings on July 26, 2016. Earnings were in line and revenue came in a bit light. Were these numbers any good? Investors were certainly not pleased with these results. AKAM stock sold off the next trading…

DDD Stock: Waiting for a Reversal The technology behind three-dimensional (3D) printing is phenomenal and the idea that it will lead to great breakthroughs in the future is sound. It was this hype that drove 3D Systems Corporation (NYSE:DDD) stock price to all-time highs. While it is unfortunate…

BBRY stock: Any Hope for the Bulls? I find it hard to describe the performance of BlackBerry Ltd (NASDAQ:BBRY) stock in just one word. BBRY stock peaked in June 2013, tagging a high price of $148.13 per share. However, currently, BlackBerry shares are trading at $7.66. This represents…

IBM stock: Back on Track? International Business Machines Corp. (NYSE:IBM) stock is off to a great start for 2016, up 19.6% year-to-date. This is a nice change compared to the dismal returns experienced over the last three years. Each respective year produced losses. Could this be the beginning…

What if I told you that QUALCOMM, Inc. (NASDAQ:QCOM) stock has been in a bull market since 1999? It’s true. Its trend is dominated by a low sloping trend line that consistently acts like a springboard, bouncing the stock higher. Do I have your attention? The following chart…

GOOG Stock Earnings Preview Alphabet Inc. (NASDAQ:GOOGL) stock expected to report Q2 earnings on July 28, 2016, after the close. Shares of GOOG stock are down 1.8% year to date, underperforming its benchmark index the NASDAQ which is up 2.6%. Earnings have a tendency to gyrate stock prices.…

FB Stock: The Trend Is Your Friend Facebook Inc (NASDAQ:FB) stock may be on the trend upward now, but it hasn’t always been a stellar-performing investment... In 2012, Facebook shares first went public. The demand from retail investors overwhelmed the exchanges and caused a fiasco. Investors’ first taste…

More Upside for Nintendo Stock? Nintendo Co., Ltd (ADR) (OTCMKTS:NTDOY) never ceases to amaze me. Every time I think it is down and out for the count, Nintendo stock finds a way to reinvent the wheel and surprise all the naysayers. The company did it the first time…

Bullish on TWOU Stock 2U Inc (NASDAQ:TWOU) stock is the focus of my attention. If you are not familiar with the name 2U, it is the leading provider of cloud-based software and services to non-profit colleges and universities. 2U stock’s share price is up 27% year-to-date and there’s…

VMW Stock: A Bullish Reversal This morning while conducting my stock scan, looking for actionable ideas, I came across the chart for VMware, Inc. (NYSE:VMW) stock. It contained a pattern I rarely see. I search through countless charts on a daily basis and I rarely—if ever—come across this…