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Blain, the blogger @ Stock Trading 101, has started another contest. This time, it’s for a $20 prize for the lucky reader who guesses the NASDAQ closing price on March 23, 2007. The deadline for submissions is Sunday March 11, 11:59 pm EST. Here are the details:

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?

UpdatesI 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!

To enter the draw, visit Stock Trading 101 and leave a comment in the contest article with your guess! Good luck!