CFDs and Indicative Open

[ILJ]

Hi all,

Just a quick question in relation to CFDs and the ASX indicative open price. Knowing the previous close and the indicative opening price, using over-the-counter CFDs, is it theoretically possible to place an order to open at the last close and then the moment the market opens, sell at the opening price?

Cheers

 

[Trembling Hand]

You can buy on the close and sell on the open sure but you cannot buy yesterdays close today.