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Thanks



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See the current issue of Barron's (July 28,1997), p.36 "A Well-Kept
Secret" by Andrew Bary.

Laura Fitt wrote:
> 
> Hi everybody;
> 
> Could somebody please explain what a spider is and how they are used as a
> hedging tool in a down market.
> 
> Thank You
> 
> FandLdutch@xxxxxxx