Beat the Street: $6,500 Separates Top Five

RedSox2008 seizes the lead in the one-week contest with an all-short portfolio.
By TSC Staff ,

The first week of TheStreet.com's Beat the Street stock contest is turning into a nail biter, with just $6500 separating our leader, RedSox2008, from 5th place contestant Leon111.

RedSox2008 has $284,768 after three days, and made those gains shorting housing, financial, and solar stocks. Currently, that player's portfolio is short

Beazer Homes

(BZH) - Get Report

,

CIT

(CIT) - Get Report

,

LDK Solar

(LDK)

,

Yingli Green Energy

(YGE)

and

Layne Christensen

(LAYN)

.

RedSox2008 is trailed in the top five by Sparky1 at $282,050, Georg12ana at 280,019, Rudegal at $278471 and Leon111 at $278,268. Sparky1's returns have come from an all-short portfolio that includes positions in

Lennar

(LEN) - Get Report

,

Fannie Mae

( FNM) and

Hovnanian

(HOV) - Get Report

.

MrKrabbs, who had been the leader after two days, fell to 7th place, just over $9000 out of the lead.

Contestants can follow the game through the rest of this week at

Beat the Street

, as well as in the

Stockpickr forums

.

This weekly game will continue for 13 weeks, and players can register for the next game Friday evening.

This article was written by a staff member of TheStreet.com.

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