I sold off my stakes in Super Group last week due to the following two reasons:
- Stock has become too overvalued according to my calculations
- Wanted to liquidate and keep some cash amid all the economic uncertainties
The main reason why I liquidated was to have some cash in hand to buy up companies when Mr. Market throws a huge tantrum. Super Group has been hovering in the ‘overvalued’ region for some time but I didn’t sell until recently. I would have not liquidated, if not for the opportunities that may be presented in the short-term due to any market corrections.