First post on Marathon oil [MRO]

I happened across another example of Cramer herding with the pack over the weekend.  In this video he tells one of his idiot viewers to avoid Marathon Oil (MRO) and has no real good reason except that he doesn't like the sector.  Now mind you, that turd Cramer thought it was a value at $36!  Buy high, sell low, right Cramer!!

In the video Cramer is obviously a bit down in the dumps about having called Marathon so badly but hey, what can you expect from someone who thinks that he actually has God-like visibility into the true and full set of REAL fundamentals that drive this or any other stock?  So whereas Cramer is telling people to avoid it, I have to disagree based on nothing whatsoever except the wave count.  I think that the wave is very near a significant bottom and that the coming bounce should take it into the $10-$11 range.  There is near term downside to $6 as shown by the red circle but then we should get a significant bounce.  I don't know that I care about MRO that much personally because I am looking at catching the bottom on plays like VNR and ARP which I think will be happening shortly.  When oil begins its big bounce, these things will enjoy much bigger upside than the likes of MRO.

Any non traders interested in playing this ticker as part of a larger basket of oil stocks should consider cost averaging into it over the next 2 months to take advantage of any 5th wave capitulation dips that these oil plays seem to be catching.  Again, Frost and Prechter wrote that commodities tend to extend the 5th so be careful about loading up too quickly if you are a buy and long term hold person.