Updated from 6:57 a.m.EDT

The perfect setup for a stock in my mind? Insiders buying shares, the company buying back stock and a super-investor such as Warren Buffett also accumulating a position. If I can get three out of three, I'm in heaven, but even two out of three makes me happy, particularly if the stock is cheap in other ways as well.

This is why each week at Stockpickr we update the Top 10 Insider Purchases and Buybacks portfolio, featuring stocks that have seen either big insider purchases or newly announced buybacks, as well as super-investors accumulating shares.

This week's portfolio includes Red Hat ( RHT), Foundation Coal ( FCL) and Microsoft ( MSFT).

To read more, visit Stockpickr.com.
At the time of publication, Altucher and/or his fund had no positions in stocks mentioned, although positions may change at any time.

James Altucher is president of Stockpickr LLC, a wholly owned subsidiary of TheStreet.com and part of its network of Web properties, and a managing partner at Formula Capital, an alternative asset management firm that runs a fund of hedge funds. He is also a weekly columnist for the Financial Times and the author of Trade Like a Hedge Fund, Trade Like Warren Buffett and SuperCa$h. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Altucher appreciates your feedback; click here to send him an email.

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