BKS - telling a story?

Barnes and Noble has really been suffering lately, having fallen from last Novembers peak of $18 to $9, followed by some choppy action across the last few months. BKS is still losing money, and thus does not even have a PE ratio.

see: http://finance.yahoo.com/q/ks?s=BKS+Key+Statistics


BKS, daily

If the main market can hold the Friday closing lows, and start a new up trend on Monday, then BKS will have a chance to the hold above the important 10.50 level. A break under 10, would very likely lead to a fast move to challenge the spiky low from early January.

Regardless of short term price volatility, since it presently remains a loss making company..it is surely best left alone.