Just doubled holdings at $61.70, don't look for a bottom, just buy when the value is there.
If the world is ready to move out of this slump, BHP will get back to moving more than $3 per day as people rush to get back in. If you can stand the pain, buy and don't look back.
good luck to all shorts and longs in 2013, shorts give us the best prices to buy.
In my experience BHP shares and ADR's over-react to economic and political headlines ("Dow up;" "Dow down;" "iron ore price down;"; less copper to China this week;" China slows;" "rain in Queensland;" "Prime Minister has a hangnail;" etc.). You are right, BHP is solid and diversified and the over-reactions are buying/selling opportunities. Chart is a roller coaster reflecting good news, bad news, not BHP's prospects IMO. Long-term Long