Beat the Street: Nascar Takes the Lead

TheStreet.com's Beat the Street contest leveled off in Thursday's trading. Former leader Yumaca, slid to 5th place, but is just $5000 off the pace. The lead now belongs to Nascar at $285,630. The lead is just about $3000 lead over KLight46, which is the largest spread between 1 and 2 this week. Things tighten there though, as Inwo42 is in 3rd place with $281,091 and Juanita stands in 4th with $280,569.

This week remains wide open as less than $10,000 separates the top 20 contestants.

Registered players can go to the Beat the Street Web site and see what stocks the other players have chosen, and all players should keep abreast of the game in the Stockpickr forum.

The longs have been rewarded this week as there are only three shorts in the top 5 portfolios, and they are all Inwo42, who shorted AMR(AMR Quote), Apple(AAPL Quote) and Crocs(CROX Quote). Nascar's big winner has been Metalico (MEA Quote), which jumped nearly 18% Thursday. Nascar also made a change this week, picking up Eaton(ETN Quote) Tuesday night and selling the Ultrashort QQQQ(QID Quote)

The next Beat the Street game will be held next week, so if you missed this week, you're only a few days away from your next chance to play. And keep an eye for our announcement of this week's winner.

Editor's Note: Thursday's story highlighted TRMA as a powerful stock in several portfolios. That was an error due to a temporary data glitch that has been corrected.