4XDon..I trade the same way. I never hold out for the pie in the sky promise on any stock. Buy low / sell high. Pretty simple.
However, I do disagree with you regarding RLFTF being a failure. If it were a failure the FDA would have told the RLF100 crew to shut out the lights and go home. The FDA is seeking more information before they make a decision. So in that respect there is no failure since the FDA has not yet made a decision. I suspect the jury will deliver by EOM.
I think the odds are very much in favor of them receiving EUA based on the EUA history with Remdesivir. The FDA is just making sure that they cover all of the bases. They don't want mud on their face. Time will tell.