Last Tuesday, shares of Barnes & Noble (NYSE:BKS) plummeted by around 17% after the company posted terrible quarterly results.

However, the stock has risen nearly 9% so far this week on hopes the company might actually be able to turn things around.

But there are a few reasons it may not be a good idea to buy into this optimism, says Fool contributor Steve Symington in the following interview with the Fool's Erin Miller.

What do you think? Please watch the video to get Steve's take, and let us know in the comments section below whether you believe Barnes & Noble might actually be able to dig itself out of this hole.