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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
Wherever he could get his hands on a speculator or extortioner, he shook him up.
The European Parliament is obviously not a property speculator, but endeavours to be a good administrator of the funds entrusted to it.
We electrocute the Italian and print pictures of the wheat speculator in our magazines as an example of Success.
When markets turn vulnerable, the enterprising speculator may this time decide to reverse his long position and go short.
For example, a wheat farmer who does not grow corn may report gains or losses with respect to any transaction in corn futures as a speculator.
I take his point that a volatile market is much easier for a speculator with reliable information to manipulate.

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