Beat the Street: Leaders Take the Long View

Day one of the contest rewards players that went long for the start of the week.
By TSC Staff ,

TheStreet.com'sBeat the Street contest, started its latest week rewarding the longs, as the top two leaders had all long portfolios. Cam1971 took the day 1 lead, building the $250,000 starting portfolio to $272,519. MyDiya stands in second with $269,929, riding another all-long portfolio.

The top five rounds out with contestants using more balanced portfolios of longs and shorts. Third-place contestant VikramBhanot notched $269,834, fourth-place contestants Portfolio sits on $267,598 and fifth-place holder Goelarun has $267,425.

Under the rules of the weekly contest, players will be able to switch one of their five stocks between Tuesday's market close and Wednesday's market open.

Contestants looking to research their changes should take a look at Patrick Schultz's weekly

Power Stock Rankings

, which includes his take on

Visa

(V) - Get Report

,

Google

(GOOG) - Get Report

,

Apple

(AAPL) - Get Report

,

Citigroup

(C) - Get Report

,

First Solar

(FSLR) - Get Report

and

Potash

(POT)

.

Players should also consult Stockpickr's

Beat the Street forum

,

Fast Money's Pops and Drops

, and

'Mad Money Lightning Round'

.

A look at the

top 15 players

shows that each made at least $10,000 in profits on the first day. Shortly after 10:00 am EDT Wednesday morning, participants will be able to see the final picks of all the competitors and gauge their chances for the week. And remember, the next Beat the Street game will be held next week, so if you missed this week, you can register now to get in on next week's game.

Readers should also consult

Jim Cramer's take

on what investors can learn from the game.

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

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