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

AMD Stock: Correction or Consolidation? What an incredible year Advanced Micro Devices, Inc. (NASDAQ:AMD) stock is having! AMD stock is up 142% year-to-date, and this strength has been broad-based within the sector, as the semiconductor index is one of the best-performing sectors in 2016. I have been bullish on…

VRX Stock: Potential Bottom Valeant Pharmaceuticals Intl Inc (NYSE:VRX) stock is making headlines once again, and investors are trying to stay on top of these new developments. The newswire is causing some serious volatility in VRX stock and on November 1, 2016, Valeant stock surged higher on the…

PYPL Stock: Backtest Paypal Holdings Inc (NASDAQ:PYPL) stock is now in play, and news surrounding the earnings numbers were the exact catalyst to set the wheels in motion. PYPL stock reported earnings that were in line with expectations, but it did break the top line, as revenue beat consensus…

STX Stock: Eyeing Support Seagate Technology PLC (NASDAQ:STX) is a company that designs and develops state-of-the-art storage devices, as well as storage solutions for the enterprise and consumer clienteles. Its products create the infrastructure that powers the cloud. The cloud allows users to process and access data from third-party…

AMZN Stock: Chart Damage Amazon.com, Inc. (NASDAQ:AMZN) stock opened 4.5% lower the morning after a disappointing earnings quarter was announced. Amazon missed its earnings estimates, reporting earnings of $0.52 per share in the third quarter, while expectations were for $0.78 per share. This news of an earnings miss…

SQ Stock: Breakout Imminent Square Inc (NYSE:SQ) produces devices that can turn your smartphone or tablet into a payment-processing point-of-sale unit. The company's products are sleek and effective, and provide new businesses a quick and easy payment-processing solution. Square Inc also offers a number of financial services to…

FFIV Stock: Big Picture Potential F5 Networks, Inc. (NASDAQ:FFIV) is a company that develops and produces application delivery systems that speed up and efficiently deliver cloud computing solutions. Cloud computing has become an instrumental growth producer, and many companies now use this segment of the technology to pad…

NFLX Stock: Close Enough Netflix, Inc. (NASDAQ:NFLX) stock reported better-than-expected earnings on October 17, 2016, and this event caused Netflix stock to gap up the following day. The move was not completely unexpected, as I had pointed out in my previous coverage on October 11 that I was…

SRPT Stock: Support Found Here Sarepta Therapeutics Inc (NASDAQ:SRPT) stock is not for the faint of heart. The volatility that accompanies SRPT stock is just incredible. What other company can boast being down 79% year-to-date, only to reverse this tremendous loss and post a positive return of 65%…

AAPL Stock: The Bull Remains Intact Apple Inc. (NASDAQ:AAPL) stock suffered a bit of a setback after it reported less-than-stellar earnings. Investors were disappointed that Apple's revenue growth continues to decline. This may be a problem going forward, but the price action that followed the earnings report did…

BBD.D Stock: Bottomed Bombardier, Inc. (TSE:BBD.B) stock has been punished over the years, as the trend toward lower prices has been painfully and utterly relentless. BBD.B stock hit a low of $0.72 in February, and I believe that this price level marked the lows of this bear market.…

TSLA Stock: Eyeing the Trend Line Tesla Motors Inc (NASDAQ:TSLA) announced its earnings after the market closed on October 26, 2016 and, surprisingly, the company posted a profit when a loss was expected. Initial reactions saw TSLA stock jump over $10.00, to approximately $215.00 a share, before cooler…

WDC Stock: Simply Bullish Western Digital Corp (NASDAQ:WDC) develops and produces data storage devices in an era in which the amount of data we consume and store continues to grow at exponential rates. Data transfer speeds have allowed huge amounts of data to stream live on our platforms,…

CRM Stock: Bearish Headwinds Salesforce.com, Inc. (NYSE:CRM) has dropped out of the bid for Twitter Inc (NYSE:TWTR), along with every other company that had any interest in a potential acquisition of the social media company. The initial news that Salesforce.com was interested in such a venture caught investors…

TMUS Stock: Triple-Digit Potential? T-Mobile US Inc (NASDAQ:TMUS) provides mobile communications and services to approximately 65.5 million customers. The mobile segment of the economy continues to experience exponential growth, as consumer appetite for data seems insatiable. People continue to increase the amount of money they are willing to…

GLW Stock: One Obstacle Remains Corning Incorporated (NYSE:GLW) produces products that range from the aerospace and defense field, all the way to life sciences. It is not only our smartphones that have been improved by the innovations that this company offers. I have been enamored by Corning's range…

MU Stock: Signs Point North Micron Technology, Inc. (NASDAQ:MU) produces memory and storage devices for all of our electronic needs. The demand in this sector seems insatiable because the amount of data we consume only increases as the content we demand is ever-growing in size and quality. I would…

VMW Stock: Calm Before the... VMware, Inc. (NYSE:VMW) stock is ready to move, and the news surrounding this company has set the appropriate backdrop to feed this move. VMware has just announced a partnership with Amazon.com, Inc. (NASDAQ:AMZN), as the number of companies wishing to capitalize on cloud…

DIS Stock: The Moment of Truth Walt Disney Co (NYSE:DIS) stock has been in the spotlight recently, as the company has been in headlines as one of the suitors of Twitter Inc (NYSE:TWTR). I am not even going to speculate how this would fit with Walt Disney Co's business…

AKAM Stock: A Second Chance Akamai Technologies, Inc. (NASDAQ:AKAM) is a name that I like in an exponentially growing area of cloud computing that has been able to bring names like Microsoft Corporation (NASDAQ:MSFT) back to life. I have been watching AKAM stock for some time, looking for a…