On a lighter note I don’t mind to be called as speculative analyst. 
After all I am generating bread and butter from speculation or trading.
Despite of my continuous efforts on value and growth investing.
By the way I wrote on something very relevant (I think so) on what is
speculation, gambling, investing yesterday. An extract from Jim Paul’s
experience, perfect example for discussion.
Coudn’t resist but repeating the words again! Happy reading from the book
What I learned loosing million dollars with few amendments.
Future is uncertain, never completely reveal to us. We have to accept
choices either investing or speculating. Investor knows everything he needs
to know while putting a money. He built margin of safety to his calculation
to eliminate fringes if any of uncertainty. On other hand a speculator
doesn’t have the advantage of investor but has some knowledge about what
determines the outcome of his activity. It’s the application of
intellectual examination and analysis of uncertain future.
Successful investing is combination of investing and speculating skills.
Speculation is a forethought and demands reasons for decision making. He
thinks before acts! Even investment god Warren Buffett is 60% investor and
40% speculator. Now we can correlate when we don’t get answers to many
checklist questions , yet we have to take a decision and move on.
Speculation does require a PLAN. Plan is a method need to be worked out
before hand before accomplishment of objective, not to think and act
simultaneously. Without a plan either you are bettor or gambler.