显示/隐藏悬停弹出窗口的最佳方法

I have a calendar control derived from DataGridView. A custom item hover event is already in place. When handling the event, I have the item that was hovered and the mouse location. What is the best method to show a pop-up window with detailed information about the item? Should I use a stripped down form (no titlebar,controlbox, etc) and simply close it on the MouseLeave? Is there a better way?I have a calendar control derived from DataGrid