I'm not talking about daytraders. I'm talking about people who have faith in this plan working long term.
Getting in at a low price if you believe in something is not necessarily speculation. Millions of homeowners have done that as well.
No..I label those investors who buy something without any history or track record or knowledge if it will even exist as speculators.
Or...as Merriam-Webster would define:
2: to assume a business risk in hope of gain ; especially : to buy or sell in expectation of profiting from market fluctuations - transitive verb
Investors rely on market fundamentals and have a reason to invest in a given vehicle at a given time, even with some level of acceptable risk. Speculators don’t employ the analysis or reason that investors due. So your question has no possible answer.
Real investors don’t speculate and speculators are not real investors. They are different animals. People buying stocks on the rumor of an unknown plan that may prove to have limited impact on the liquidity crisis are speculators, not investors. They are not making decisions based on market fundamentals but on a dream or wish that “things may turn around.”