Beat the Street: Bull and Bear Neck and Neck

As we enter the final day of trading in Week 1 of TheStreet.com's Beat the Street stock contest looks like it will come down to the wire, with less than $500 separating the two leaders and $5000 separating no. 1 from no. 5.

The leader coming into today's trading, which will key on GE's disappointing earnings report, is Wave03, who has an all-long portfolio valued at $284,964. The five picks are FCStone(FCSX Quote), Chattem(CHTT Quote), Intervoice(INTV Quote), Apogee(APOG Quote) and Layne Christensen(LAYN Quote).

Sparky1 stands in second place, with five shorts that show a value of $284,537. The five shorts are Fannie Mae(FNM Quote), Freddie Mac(FRE Quote), Lennar(LEN Quote), MBIA(MBI Quote) and Hovnanian(HOV Quote).

Cramer: One Way to Play 'Beat the Street'

Contestants can follow today's action at Beat the Street, as well as in the Stockpickr forums.

The winner of this week's $5000 prize will be eligible for the next 12 weeks too, and new players can sign up for next week after Friday's close.