Medical Marijuana Inc (MJNA)

[doone]

Get a second opinion from someone other than an accountant.

Flipping and capital gains tax question.. I see that many involved in the stock market buy and sell in order to take profits. Is there not concern when it comes to accruing profit taxes?
I asked my accountant for some advice regarding taking some profits to pay off my $6,500credit card debt and his response was..."No. If you feel there's upside AND is greater than the interest being charged on CC, than hold and not sell. Don't sell and buyback because you'll have to pay taxes on the gain.

If the there's no upside or the upside you feel will be less than the interest charged on CC, than sell. If it goes down and you feel there's upside than buy back."

I have 150,000 shares at 0.0340 and see MJNA with WAY more upside that will make my CC debt seem like pennies big smile.