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
. 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
Bank of America
Fifth Third Bancorp
ProShares Ultrashort Financial ETF
Congrats to R. Woody on his ursine instincts and even better stock-picking!
As you get ready for the final week of the game, be sure to review the following articles to help you find the next group to make a big run.
The weekly Rocket Stocks
features stocks that have the potential to move fast to the upside. Keep an eye on these.
Also, be sure to review the
Mad Money Recap
portfolios of the week.
Need some guidance on how to Beat the Street? James Altucher shared his insights on
, and all competitors should review that.
And if you're bearish on the market, check out
If you didn't play in the first 11 weeks, one of the features of this contest is that each Tuesday you can make one change to your five stocks. Keep an eye out for
on what you should swap in.
And get some ideas on the
: ask questions, post ideas and share thoughts on stocks with the rest of the community.
Patrick Schultz is a research associate at TheStreet.com. He has previously obtained securities licenses under the NASD's Series 7, Series 24, Series 52 and Series 63 exams and has worked in the financial markets on various trading desks in addition to trading for his own account. Schultz holds a bachelor's degree in applied economics from Cornell University.