As we enter the final day of trading in Week 1 of TheStreet.com's Beat the Street stock contest looks like it will come down to the wire, with less than $500 separating the two leaders and $5000 separating no. 1 from no. 5.

The leader coming into today's trading, which will key on GE's disappointing earnings report, is Wave03, who has an all-long portfolio valued at $284,964. The five picks are FCStone Chattem , Intervoice ( INTV), Apogee ( APOG - Get Report) and Layne Christensen ( LAYN).

Sparky1 stands in second place, with five shorts that show a value of $284,537. The five shorts are Fannie Mae , Freddie Mac , Lennar ( LEN - Get Report), MBIA ( MBI - Get Report) and Hovnanian ( HOV - Get Report).

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Contestants can follow today's action at Beat the Street, as well as in the Stockpickr forums.

The winner of this week's $5000 prize will be eligible for the next 12 weeks too, and new players can sign up for next week after Friday's close.

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