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

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…

More Upside for AT&T Stock AT&T Inc. (NYSE:T) stock is up an incredible 29.32% year-to-date, but it’s not exactly a name you would expect to post such stellar double-digit stock returns. Many of us should be familiar with the name; after all, AT&T is the largest communications company…

Systematic Trading with AKAM Stock Akamai Technologies, Inc. (NASDAQ:AKAM) stock had undergone an extensive sell-off. Beginning in the later part of 2015, over a three-and-a-half-month period, shares fell 47% from peak to trough. If investors examine AKAM stock’s price chart, they’d see that while not all of these…

AAPL Stock Earnings: Bullish or Bearish? Apple Inc. (NASDAQ:AAPL) is expected to report its third-quarter earnings on July 26, 2016 after market close. Shares of AAPL stock are down five percent year-to-date, underperforming its benchmark index, the NASDAQ. Shares have been trading within a confined price range, creating…

Bullish on ATVI Stock Activision Blizzard, Inc. (NASDAQ:ATVI) stock is the focus of the example of an options strategy I’m about to outline below. If you are not familiar with the name, Activision Blizzard publishes and develops an array of gaming titles that can be played on a…

Important Chart for TXN Stock What if I told you there was a way to simplify the investing process and that Texas Instruments Incorporated (NASDAQ:TXN) stock fits the criteria of simplified investing—would that catch your attention? Well, it should... If you have ever made an investment, you likely…

Sidelined on AAPL stock Who wants to profit from the next move in Apple Inc. (NASDAQ:AAPL) stock? How difficult can it really be? After all, there are only three directions a stock can trade: up, down, or sideways. After peaking in mid-July 2015 at $130.00 per share, APPL…

Bullish Tailwinds for AMBA Stock Ambarella Inc (NASDAQ:AMBA) stock was an all-star performer, even boasting returns of 2,033% at one point. Since July 2015, though, AMBA stock has endured a painful slide, down 73% from peak to trough. Will Ambarella stock’s downward slide continue? Most of us have…

Has ETSY Stock Bottomed? Etsy Inc (NASDAQ:ETSY) stock has literally been a dog since it went public on April 16, 2015. Share prices hit a high of $35.74 on that fateful day and have traded downward ever since. ETSY stock lost 83% of its value—from peak to trough.…