Beat the Street
Beat the Street: B. Rossetto Wins $5,000
TSC Staff
05/09/08 - 07:06 PM EDT
Note: All winning portfolios and players are subject to verification.
A interesting mix of long and short energy was the ticket to winning the $5,000 cash prize in TheStreet.com's Beat the Street game this week.
B. Rossetto, under the player name "Brucrsd," had the winning portfolio with a value of $300,331.30. Brucrsd has three long positions and two shorts. The long positions were James River Coal(JRCC Quote - Cramer on JRCC - Stock Picks), Gran Tierra Energy(GTE Quote - Cramer on GTE - Stock Picks) and Lindsay(LNN Quote - Cramer on LNN - Stock Picks).
The shorts were Cheniere Energy(LNG Quote - Cramer on LNG - Stock Picks) and US Airways(LCC Quote - Cramer on LCC - Stock Picks).
Congrats to B. Rossetto on good diversification and even better stock-picking!
In second place was "RTeon1" with $299,263.87; "JKagain" finished third with $296,368.70.
Let's take a look at some of the game's stats for the week. There were 7,509 players in Week 5. Long stock picks numbered 32,072; shorts were 7,993. The top five most popular stocks were Yahoo!(YHOO Quote - Cramer on YHOO - Stock Picks) , Apple(AAPL Quote - Cramer on AAPL - Stock Picks), Google(GOOG Quote - Cramer on GOOG - Stock Picks), Potash(POT Quote - Cramer on POT - Stock Picks) and Visa(V Quote - Cramer on V - Stock Picks).
As you get ready for Week 6 of the game, be sure to review the following articles, which should give you a leg up on the competition.
The weekly Rocket Stocks portfolio features stocks that have the potential to move fast to the upside. Keep an eye on these.
Also, be sure to review Friday's Mad Money Recap, and Jim Cramer's portfolios of the week.
Need some guidance on how to Beat the Street? James Altucher shared his insights on How to Win Beat the Street, and all competitors should review that.
And if you're bearish on the market, check out How to Beat the Street: Short-Selling.
If you didn't play in the first four weeks, one of the features of this contest is that each Tuesday you can make one change to your five stocks. Keep an eye out for the weekly Power Stocks article for ideas on what you should swap in.
And get some ideas on the Beat The Street forum Ask questions, post ideas and share thoughts on stocks with the rest of the community.