Stock Market Alert - CMGI had a strong day on Monday, relatively speaking, trading up almost 1% to close at $2.17 on the session. Volume was relatively light, with just over 7.3 million shares of the stock changing hands, compared to a normal daily average volume of just under 20 million shares traded. CMGI held steady in the face of overall market weakness, as both the NYSE and the Nasdaq traded lower on the session. Is this the stabilization that longs have been looking for, followed by a continued move higher? As of the close of market trading on Monday, CMGI had a market cap of just over $1 billion dollars.
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