Beat the Street: Airline Traders Lead

JohnnyC's portfolio went above $310,000 on five short sales, and the top five are all short.
By TSC Staff ,

The leaders in the third week of the TheStreet.com'sBeat the Street contest, rode short sales to the top of the leaderboard. Today's leader, JohnnyC, boasted an all-short portfolio that included Northwest (NWA) , Continental (CAL) - Get Report, United (UAUA) , US Airways (LCC) and Netflix (NFLX) - Get Report that spiked his portfolio value to $310,610, the first contestant in the three weeks to get over the $300,000 barrier.

Shorts, specifically of airline stocks, rewarded all the top five, as each portfolio is all short. Lateral and Hangtongjin, the second and third place contestants, also crossed $300,000 in portfolio value, reaching $305,164 and $301,659, respectively. Trackman, $286,307, and Tukaram, $285,877, round out the top five. In addition to airline stocks,

Crocs

(CROX) - Get Report

and

Garmin

(GRMN) - Get Report

were successful shorts for the top five players.

Under the rules of the weekly contest, players were able swap out one stock between Tuesday evening and Wednesday's market open.

Players looking to find the one stock that can catch them up to the leaders should consider the following articles for new ideas:

    TheStreet.com Power Stock Rankings.

    Tuesday's Tech Winners & Losers.

    Short-Squeeze Stocks of the Week.

    On Wednesday, after the market open, registered players will be able to 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 next Beat the Street game will be held next week, so if you aren't in this week, you're only a few days away from your next chance to play.

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

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