Wall Street is through the roof. The gains may not last. Take your profits on Mechel (NYSE:MTL), Vimpel (NYSE:VIP), and Nortel (NYSE:NT). During one of the worst weeks in financial history, you have a chance at profits of over 30%.

Right before yesterday afternoon’s spectacular rally in US stocks, Andrew Snyder recommended investors buy oversold shares. In particular, he said Nortel (NYSE:NT), which was down 45% since the start of the week, didn’t merit the plunge and was due a short-term bounce. NT today is up by only a fraction of a percent. This means there’s time to get in on this trade.

Editor’s Note: Money Morning’s Horacio Marquez says Cisco System’s beaten down share price is a great buying opportunity for investors. From a financial standpoint, Horacio says Cisco is virtually bulletproof. It has a $140 billion market cap and no debt. It has strong growth in emerging markets. And it’s shares are going at a bargain price…