Beat the Street: New Leader Emerges

06/26/08 - 06:59 AM EDT

, UAUA , NWA , CAL , DAL , SQM , AM , WM  
TSC Staff

A new leader emerged in the final week of TheStreet.com's Beat the Street contest, using a mostly short-airline portfolio.

"GWT2001" took the lead on four airline shorts and short bets on a chemical company and greeting card maker. The portfolio, which totaled $291,234.94 at the close of trading Wednesday, consists of UAL(UAUA Quote - Cramer on UAUA - Stock Picks), Northwest Airlines(NWA Quote - Cramer on NWA - Stock Picks), Delta Air Lines(DAL Quote - Cramer on DAL - Stock Picks), Continental Airllines(CAL Quote - Cramer on CAL - Stock Picks), Sociedad Quimica Y Minera De Chile(SQM Quote - Cramer on SQM - Stock Picks) and American Greetings(AM Quote - Cramer on AM - Stock Picks).

Airline plays -- both long and short -- have been a common theme in the 12-week contest.

In second place was "Hantongjin," whose portfolio of $288,738.56 was short five airlines and one bank, Washington Mutual(WM Quote - Cramer on WM - Stock Picks).

"Redlight," the leader the first two days of the week, dropped to third with a portfolio total of $288,383.86.

The contestants are playing for a $5,000 prize.

This article was written by a staff member of TheStreet.com.
Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Free Newsletters from TheStreet

Cramer's Daily Booyah!
Highlights of Jim Cramer's videos
on TheStreet.com TV & his
"Mad Money" TV show.
Before the Bell
All the information you
need to position yourself
for the day ahead.
Submit
We respect your privacy.

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!