Clearly, 'events' can drive a stock up or down suddenly and ususally before a retailer investor can react to the move. If a downside events occurs in HRZN, I look at that as an opportunity b/c the HRZN portfolio is so diverse that one company event would have little impact on the bottomline at HRZN. What surprises me about HRZN is there was no upside movement when pharmasett was taken over at 130 (a $70 premium to previous day closing price. HRZN had alot of stock and warrants in pharmasett.
With HRZN lifesciences pipeline, track record of having their companies being bought out (pharmassett, forget the other last year), plenty of funding from Bermuda $$ and a huge dividend....only reason to sell HRZN oa even have stop loss orders in place is stupidity. owned it since IPO and waiting for a special dividend announcement any day.