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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (8817)	4/30/2001 5:35:42 PM
From: Dale Baker	Respond to of 19633

I am not convinced either way. But I was referring to most SI posting I read over the weekend. The imminent demise of the US economic system seems to be a given. Once everyone knows what's going to happen, I often look for the opposite. Would have been a useful move in March-April 2000 when most were convinced that the paradise cruise to easy wealth could never end. I suspect Naz 2000 will be an important indicator as time goes on. I am not a TA hound at all; just see a psychological comfort for everyone if we don't revisit teeny-bopper land. If we do lose 2000, the negative waves could build on themselves again for another down cycle. In short - you pays your money and takes your chances. G'night from here.

To: Tom Hua who wrote (8817)	4/30/2001 6:45:08 PM
From: zx	Read Replies (1) \| Respond to of 19633

Aquila Reports First-Quarter Results Net Income and EPS Both Up More Than 350% KANSAS CITY, Mo.--(BUSINESS WIRE)--April 30, 2001--Aquila, Inc. (NYSE:ILA - news) announced today first-quarter net income of $49.3 million or $.57 per share, an increase of more than 350 percent over the prior year's first-quarter net income of $10.8 million or $.13 per share. Earnings before interest and taxes (EBIT) were up 278 percent. First-quarter sales increased from $4.0 billion last year to $11.0 billion in 2001. ``Our client-centric business model continues to fuel extraordinary growth in earnings in this dynamic energy market,'' said Keith Stamm, Aquila's chief executive officer. ``Our expectation of 25 percent annual earnings growth is well in hand and we are confident in our ability to achieve or beat this objective.'' Aquila, Inc. closed its initial public offering of Class A Aquila common shares including the overallotment option on April 27. The sale price was $24.00, which was higher than the $21.00 to $23.00 range given in Aquila's preliminary filing. The offering raised net proceeds to Aquila of approximately $320 million. UtiliCorp now owns approximately 80 percent of Aquila's outstanding shares and the public owns the remainder. ``The success of Aquila's IPO marks an important milestone in Aquila's history,'' said Robert K. Green, chairman of Aquila and president and chief operating officer of UtiliCorp. ``This is a strong statement of the market's confidence in Aquila's ability to execute on its strategy and provide shareholders with outstanding returns.'' Wholesale Services EBIT from Wholesale Services increased to $62.4 million for the 2001 quarter from $15.3 million in last year's first quarter. Favorable market conditions and strong winter season demand for gas, power and carbon commodity services substantially increased opportunities versus the prior year. In addition, Aquila's structured products and services business continued to post excellent EBIT growth -- up 59 percent in 2001 compared to 2000. Transaction flow in Aquila's capital services business was also up 100 percent from 2000, originating approximately $65 million of new transactions during the first quarter of 2001 compared to approximately $25 million in new transactions in the 2000 first quarter. Aquila's exposure to certain California clients remains minimal and fully reserved. ``The California situation hasn't impacted 2001 results so far and we do not expect any material impact in the future,'' Stamm said. Capacity Services The Capacity Services business had EBIT of $27.1 million in 2001 compared to $8.4 million in the 2000 quarter. This increase is primarily due to new earnings stemming from Aquila's acquisition of GPU International in December 2000. To date, the results from GPUI have been better than expected, reflecting strong power project performance. In addition, Aquila's mid-stream gas business posted better results due to stronger natural gas prices that favorably impacted its Katy storage facility and increased demand for transportation services. Aquila continues to be on track with its generation development program and expects to have another 1,000 MW of power on line this summer. Webcast Aquila's chairman, chief executive officer and chief financial officer will discuss first-quarter results and outlook for the remainder of 2001 tomorrow, Tuesday, May 1, at 9:00 a.m. Eastern Time in a live webcast that can be viewed at www.aquila.com. Based in Kansas City, Aquila is one of the top wholesalers of electricity and natural gas in North America, is an innovative provider of risk management products and services and owns and controls a diverse portfolio of merchant assets including power plants, gas storage, pipeline, and processing facilities, and other complementary merchant infrastructure facilities. Aquila also provides wholesale energy services in the U.K., Scandinavia, Germany and Spain. Additional information is available at www.aquila.com.

To: Tom Hua who wrote (8817)	4/30/2001 8:54:53 PM
From: Paul A	Read Replies (1) \| Respond to of 19633

Tom- Dont know if you caught this, but Maria B is starting with that 'theres SOO much money on the sidelines' bullshit I had to turn her off this morning.> if you recall, she was doing that some 4-6 months ago and finally someone must have told her to put a cork in it.. Ever since I moved, I havnt gotten around to putting the Cable line into the office so once I roll out of bed, the TV goes off and computers go on.. and I gotta admitt, it hasnt changed my flow of information/profits/loses one bit.. In other words- goodbye CNBC! besides- my heart isnt with Maria, but rather Susan Mcginnis who used to be the 'pretty face' on bloomberg.. Never in my entire life did I see a more beautiful woman.. (sorry, hadda share that..) I stopped out of CCMP at the high of the day (of course) but I just couldnt let it take back a dime of the profits I made last week.. and Ill be happy to short it below 60 again tomorrow just to feel reassured it dosnt mount some silly run back into the 70s.. This one will be on my perpetual short list until it gets below 30 in the next month or two.. Did you see the numbers for ILA? Should be interesting to see what they do with it tomorrow..