Call the Nasdaq Closing Price, Win a Shopping Spree!

After the success of the $20 giveaway last week, (Dan was our lucky winner), I've decided we have to keep the ball rolling! This time you need to guess the closing price for the Nasdaq Composite... two weeks in advance!

Here is the deal, you have all of today, tomorrow, and sunday (basically the whole weekend) to simply post up via a comment what price you think the Nasdaq Composite will close at on Friday, March 23rd. You are trying to guess the closing price, not the opening, of the index at 4:00 PM on the Friday, which is two weeks away (or 10 trading days). If you are closest to the actual price, you'll win the prize pool and glory.

What's at Stake?

The prize right now is another $20 amazon.com gift certificate, BUT I have contacted a few bloggers about the contest, and if they opt to help chip into the prize pool and get their own community involved, well we may just have a pretty interesting party!

I am a Newbie, Should I Enter?

YES, please do! EVERYONE has a chance at winning this, and due to the recent market drop, who knows where we will end up in two weeks! This is a very simple setup designed for the whole community to get involved, besides, who doesn't want to go on a shopping spree?

Bloggers, Get Your Community Involved!

If you are a blogger yourself, then get your readers over here to join in! Chip in a few bucks into the prize pool, and you'll become one of the official sponsors (sounds pretty catchy doesn't it). If you don't want to chip in (I know exactly what its like to have a tight marketing budget), then just send your readers over, and I'll hook you up with a linkback.

Updates

I will be putting everyone into an excel sheet, and updating the community every few days with updates. I want to make this as intense and electrifying (excellent word usage right there) as possible, so expect a lot of over excitement from me daily. Also, to keep updated, you can subscribe to the feed here at ST101 by email or with your favorite reader.

Closing Remarks

Remember, you have until this Sunday, March 11th 11:59 PM EST to get your guess in as a comment for the NASDAQ (you can find a chart here, and its most recent price here). Whatever you insert as your "name" when submitting the comment will be your name on the excel sheet, so if you want a nickname or something, then put that down with your comment (perhaps you want to be recognized as "Sandwichdude412", that is for you to decide!). Lastly, you get ONE guess, and you can't change it! So, if you want to wait until the market closes to get as "accurate" a prediction as possible, do that then. I will be posting the initial excelsheet on Monday, and building up hype until then. Any questions feel free to ask, good luck!

Comments

  1. Posted by Matt on March 9, 2007 at 10:24 am

    Count me in Blain. This is a tough one, but I am going guess 2,305.70. I think the market is going to fall more the next two weeks.

  2. Posted by Brandon on March 9, 2007 at 10:55 am

    Blainer, I'm going to throw down for a close of 2,361.22. I don't think it is going to break the 2400 resistance point by almost the month's end.

  3. Posted by QT on March 9, 2007 at 12:19 pm

    Why the 23rd??

    2380

  4. Posted by Blain on March 9, 2007 at 1:00 pm

    Not sure, just figured two weeks would be a decent amount of time. Is that too long, too short? Always am opinion for feedback!

  5. Posted by WallStGolfer31 on March 9, 2007 at 1:18 pm

    My Guess:

    2,385

  6. Posted by Middle Class Millionaire on March 9, 2007 at 4:21 pm

    Based on no specific information I'm going to go with 2340 (not a huge move but a slow downturn)

    Cheers,
    MCM
    http://middleclassmillionaire.blogspot.com/

  7. Posted by DealStocker on March 9, 2007 at 5:36 pm

    Great idea! I'm new to the blog, but have added you to me feed reader!

    My guess is: 2392.13

  8. Posted by Ryan on March 9, 2007 at 7:42 pm

    Here goes my guess.... 2402.22

  9. Posted by Julie Adams on March 9, 2007 at 11:23 pm

    okay. how about .....2453

    optimisim ;)

  10. Posted by Joel on March 10, 2007 at 2:51 am

    my guess is... 2365

  11. Posted by Babak on March 10, 2007 at 9:04 am

    Here's my entry: 2422

    good luck to everyone!

  12. Posted by MillionDollarJourney.com on March 10, 2007 at 9:35 am

    I believe the NASDAQ is approaching another downward leg. In 2 weeks, I think the NASDAQ will reach 2300.

    FrugalTrader

  13. Posted by modulo8 on March 10, 2007 at 12:20 pm

    my guess: 2365.74

  14. Posted by Investoid on March 10, 2007 at 1:34 pm

    I can't predict such short term trends, so I'm tempted to go with the Martingale Estimate. To differentiate from some of the above estimates though, I'll go with 2389.

  15. Posted by Dom on March 10, 2007 at 4:50 pm

    I guess 2301.

  16. Posted by SG on March 10, 2007 at 9:28 pm

    Im a newb but I figured i'd try. 2438.33

  17. Posted by spncr2 on March 11, 2007 at 12:12 pm

    My guess- 2362.00

    Good luck everyone!

  18. Posted by Matt2 on March 11, 2007 at 8:28 pm

    2372.65

Trackbacks

  1. [...] FrugalTrader12:26 pmAdd comment Blain, the blogger @ Stock Trading 101, has started another contest. This time, it’s for a $20 prize for the lucky reader who [...]

  2. [...] Latest Contest - Call the Nasdaq Close, Win a Shopping Spree! Click here to learn more!! [...]

  3. [...] gift certificate” contest has officially begun, and already the Nasdaq is down over 2%!! You submitted your guesses over this past weekend, and they are now all recorded in a beautiful excel sheet. We had 17 contestants total, a new [...]

  4. [...] here are the 17 contestants and their guesses for our first bi-weekly Nasdaq Closing Price contest! If you want to keep up with all the latest updates, I suggest subscribing to the feed with your [...]

  5. [...] certificate” contest is still going strong, and our leaderboard has been mixed up once again! You submitted your guesses over a week ago now, and they are all recorded in my beautiful excel sheet. So, here are the current top three [...]

  6. [...] today is the final day of the “Guess the Nasdaq Close and win a Shopping Spree” Contest! Heading into this morning currently in the lead is Julie Adams with her guess of 2453, wow! The [...]

  7. [...] weeks after the “Guess the Nasdaq close and win a shopping spree” contest began, we have our winner! For those who are just tuning in and missed the contest, there were 17 people [...]