Beat the Street: Leaders Take the Long View
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
, which includes his take on
Visa
(V) - Get Report
,
(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
,
, and
.
A look at the
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
on what investors can learn from the game.
This article was written by a staff member of TheStreet.com.