post-earnings conference call might have been reason to "sell in May and go away," Jim Cramer said on
"Stop Trading!" segment Monday.
While headlines emanating from Lehman's second-best quarter ever were positive, the tone of the call was different, with May seeming "horrible," thanks to the
Elsewhere, Cramer said rumors are circulating that a big Wall Street firm will turn positive on personal computer stocks such as
in the next 24 hours, and turn negative on wireless names such as
. Cramer said he belives the momentum is still in wireless but wanted to pass along the tip.
looks cheap the same way
"People are dumping stocks at six times earnings, I guess they think they're going to three times earnings. History shows that that is a fool's bet," Cramer said.
At the time of publication, Cramer had no position in the stocks mentioned.
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