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What is a speculator?

What is a speculator? Here are some definitions.

Noun
  1. One who speculates; an observer; a contemplator.
  2. One who forms theories; a theorist.
  3. (business, finance) One who speculates; as in investing, one who is willing to take volatile risks upon invested principle for the potential of substantial returns.
  4. (rugby) Synonym of field goal
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Examples
The speculator is betting on changes in the price, while the arbitrageur is betting on changes in the spread.
We electrocute the Italian and print pictures of the wheat speculator in our magazines as an example of Success.
I take his point that a volatile market is much easier for a speculator with reliable information to manipulate.
The strategy that fits the needs of a speculator will probably have no place in the portfolio of a long term investor.
The European Parliament is obviously not a property speculator, but endeavours to be a good administrator of the funds entrusted to it.
Joe Cole has a speculator from 25 yards, it hits Lucio's heel, and completely wrong-foots Mary Shelley's Oliver Kahn.

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