Apple is one of my favorite stocks. I love the company’s long term potential, and I love trading the stock on its momentum. Therefore, to encourage my readers to follow this great stock even closer, I’ve decided to have a little contest for the 20s Money readers to participate in.

Here are the rules

• You are to guess what the closing share price of Apple will be on June 6, 2008.
• You have until May 30, 2008 to submit your guess. Email your guess to apple@20smoney.com. Any guesses received after midnight on May 30, 2008 will not be considered. Just email your guess, the winner will be contacted via email for an address to which the iPod Shuffle will be shipped.
• The winner will be determined by who is closest to the exact share price.  You can be under or over the share price.  For example, if the closing price is $195.50, if two entrants guess $195.45 and $195.55, they will be tied.
• I reserve the right to hold a “Sudden Death” for tied entrants if more than a handful of entrants are tied for the win.

Will Apple continue it’s run back towards the $200 mark? Or is it due for a correction? Let’s see who knows this stock’s behavior the best!

This is the first contest we’ve done here at 20s Money. This should be fun. Depending on the turnout and response, maybe we’ll do another one down the road for something bigger and better (iPhone, Apple TV, iMac)!

Good luck.

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