Brent Emmett outlnes 2015 strategy, page-2

I can answer the first one;
HZN is clearly being grouped with the rest of the small to mid cap oil companies. When oil bottoms out, what do you instantly do? sell off all your low to mid caps without thinking, without evaluation and buy into the large caps once they have dropped. Why? because the small caps are the most likely to go bust, with the big caps going to acquire them and the big caps will be the first to see the share price recovery. Most Large Caps are already up 30% from the bottom of the oil price, the rest have not budged or floated around in price.

My best guess is HZN has been grouped with the small/mids and been caught of in the original dumping without most investors not looking at their positive cash flow or selling to reduce further loss. In the recent weeks, i've been noticing that the shares have been trickling down in price, with low volume - so to me it suggests that there is not an actual large sell off but a few ruining the price for everyone.

Thats my two cents and thoughts.