The first day of TheStreet.com'sBeat the Street contest's latest week saw sellers dust buyers out of the gate.

DrPookie and GoWhiteSox took the day 1 lead, building the $250,000 starting portfolio to $280,537.50 as both players shorted the following stocks out of the gate:

Radian Group

(RDN) - Get Report

,

CIT

(CIT) - Get Report

,

PMI Group

( PMI),

MBIA

(MBI) - Get Report

, and

MGIC

(MTG) - Get Report

.

Rounding out the top five were TakeNoPrisoners, at $278,211 with a short of

Fidelity National Financial

(FNF) - Get Report

rather than CIT the difference between the leaders, Smith34654 at $275,336, who added shorts of airlines

Delta

(DAL) - Get Report

and

AMR

(AMR)

to the financial mix and Shanghai at $275,129.

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

Cramer's Mad Money Recap

; Stockpickr's

Beat the Street forum

;

Fast Money's Pops and Drops

; and

'Mad Money Lightning Round'

.

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