Revenues Don't Amount (to much)

As I drink my coffee this morning, I saw this headline from RDA  one of my MFI stocks (RDA Microelectronics Announces Preliminary Unaudited Third Quarter 2013 Revenue).   The stock is up 56% so far for me, but it is a big miss,  85 million versus 110 million from guidance.  It is funny (not ha-ha funny) but an analyst did predict this (RDA May Lower Third-Quarter Revenue Guidance On Weak Indian Rupee, Chardon Downgrades To Neutral) on September 26th.

The other wild card is that a company has put a bid in on RDA (Chipmaker RDA Microelectronics gets $15.50/ADS buyout offer), so will the price drop far below the bid?  Stayed tuned to the same bat channel.