Editor's note: All winning portfolios and players are subject to verification.
An all-short portfolio of financial stocks pushed R. Woody to victory in TheStreet.com's Beat the Street. The financial sector got crushed this week as renewed fears of another down leg in the credit crisis pushed the whole group lower.
Playing under the name "Upside," R. Woody finished with a portfolio value of $293,478.50, a solid 17.4% weekly gain. However, it was not enough to just be short any financial stock, as many traders made similar bets.
To win the cash prize, Upside was able to pick the worst-performing (short-side trades) financial stocks for the week. The winning portfolio boasted bearish short positions in Lehman Brothers(LEH Quote), Bank of America(BAC Quote), Merrill Lynch (MER Quote), Fifth Third Bancorp (FITB Quote), ProShares Ultrashort Financial ETF (SKF Quote) and MF Global (MF Quote). ...
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