What is Foolsaurus?    A speculator bets on the price movement
of a security to gain a profit.  Expanded Definition  There are
two basic types of people, as the old joke goes. Here, we'll
define them as "investors" and "speculators." Investors buy
shares of a business, expecting the business' performance to
drive the increase in share price, from which they will benefit.
Speculators, on the other hand, buy shares looking strictly for
that price increase, regardless of the business those shares
came from.  As such, they tend to be focused more on the short
term, following the "votes" of the market, as described by
Benjamin Graham, rather than waiting around for the weighing
machine to, um, weigh in. They are more interested in short term
movements, taking advantage of the quick run ups or declines
that every stock is subject to, betting on how quarterly
earnings reports, for instance, will affect the share price.
They may be day traders or momentum traders. They are not
business owners. These are the gamblers