Some sectors showing bottoming signs

I'm puzzled at how badly CHK has done in the past couple of months and all this after a huge find in Texas. The company is currently valued at half of what it was a few months ago. i don't add to current positions by philosophy, but if i were aiming to benefit from the inevitable energy upswing (and I agree it's coming) CHK would be a good place to park.
I'm interesting in hearing more opinions on CHK.

Today's action should see a wee bump up due to the emergency rate cute; but the fundamentals are still rotten and its gonna be down, down, down from here on out.

The age of American Over-Consumption is Over and its a gonna be a long ride to the bottom.

G--thanks for the invite.

Where to begin? First, I guess admitting that in a market such as this one, stock selection based on fundamentals doesn't matter is an understatement. What we have here is unmitigated panic selling across every sector, and I suspect CHK is just another casualty. Well managed company, a leader in its space, and long-term macro-economic fundamentals in place should all point to a great investment. Problem is, the market doesn't care at this juncture.

Bottoms are always incredibly difficult to pinpoint, as I can attest to with my determined holding of POT, which I have chased down based on "fundamentals." In the AGs, for instance, many technicals pinpoint a near bottom (Fibonacci retracement shows $75 for POT), but again, who knows? Babies continue to be thrown out with the bathwater-and nobody seems to care.

In view, the only two asset classes that make sense taking a new position in this environment are gold (DGP, GLD, CEF)--less the miners (for the time being), and cash.

Broader market action doesn't quite feel like a classic capitulation yet, so I'm not quite ready to call a bottom in anything. We may be there when we see a big down day on huge volume, and close at the lows of the session. We should be close.

However, with a full-fledged global recession now upon us, I'm afraid any rally will be short lived. Past recessionary cycles are pretty clear in the message they deliver for stock holders: don't expect to make money, short of your dividends until six months before the economy turns up. We're not even close.

Natgas companies (like CHK) will rally if there is a colder winter than it's currently forecasted because it would push up the price of natgas. Currently there is too much of natgas in the market... I like your long position in GLD (or DGP) because gov't and private sectors are trying to reflate the dollars, bonds and stocks and hopefully housing. I believe that deflation led by collapse in loan prices must be avoided... I know dirtyharry likes the shiny yellow metal too. Even if inflation were to remain mild, gold will attract investment for because of its safety quality.

Dare we dream- there's big volume coming into the oils, that may lead all boats (save financials and real estate) higher....