Chesapeake Energy (CHK) is proving just how complex a debt-laden speculative investment can be. Not only must investors actually watch the fundamentals. But the aging bull market has sent stocks spiraling both up and downward on the latest whims. Traders and technical experts are having a field day from the volatility of the stock. But long-term investors are getting motion sickness from all the jostling. In the meantime, many are skipping the discussion about the future of the company to focus on reverse stock splits and other items of supposedly immediate concern.