Speculated

Speculate Spec"u*late, v. i. [imp. & p. p. {Speculated}; p. pr. & vb. n. {Speculating}.] [L. speculatus, p. p. of speculari to spy out, observe, fr. specula a lookout, fr. specere to look. See {Spy}.] 1. To consider by turning a subject in the mind, and viewing it in its different aspects and relations; to meditate; to contemplate; to theorize; as, to speculate on questions in religion; to speculate on political events. [1913 Webster]

It is remarkable that persons who speculate the most boldly often conform with the most pefect quietude to the external regulations of society. --Hawthorne. [1913 Webster]

2. (Philos.) To view subjects from certain premises given or assumed, and infer conclusions respecting them a priori. [1913 Webster]

3. (Com.) To purchase with the expectation of a contingent advance in value, and a consequent sale at a profit; -- often, in a somewhat depreciative sense, of unsound or hazardous transactions; as, to speculate in coffee, in sugar, or in bank stock. [1913 Webster]