Quote:
Originally Posted by Rick Brooklyn
My guess is if you want to sell and you can't find a buyer, you get a bid at lower than cost or market, minus a healthy discount.
CDS wouldn't be the right instrument for shorting though. You should be able to borrow some shares from someone who has them (for a fee) then sell them to someone who wants to go long, then buy them back from someone who wants to sell and deliver them back to who lent them to you.
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I know a CDS isn't the right product which is why I put CDS type product, my statement was probably confusing. Good luck getting barrows in a dark illiquid market though.