daisy chain

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Daisy chain

Manipulation of the market by traders to create the illusion of active volume to attract investors.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Daisy Chain

A series of manipulative transactions on a security intended to create an impression of a high trading volume, suggesting interest in assets or securities that may not actually be there. This tends to increase the share price, which in turn encourages other investors to buy the security. When other investors become interested, the manipulating traders dump the security at an artificially high price. See also: Churning, Round-Trip Trading.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

daisy chain

Manipulative trading among a small group of individuals or institutions that is intended to give the impression of heavy volume. As outsiders see the unusual trading activity and are drawn into the chain, the traders who started the daisy chain then sell their positions, leaving the new investors with overpriced securities.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
She attended the annual Daisychain Ball in plush Carton House on Thursday night before hosting a charity lunch yesterday at the Quality Hotel in Dublin.
Daisychain shops across the West Midlands have been working hard in order to raise the funds for the County Air Ambulance charity.
Miss Davison had been relief manager for four months in the Black Swan after being brought in late last year by DaisyChain Inns, on behalf of Scottish and Newcastle Breweries.
The presentation was made at the Kidsgrove branch of Daisychain in Staffordshire.
Elsewhere at Haydock, the consistent MY DAISYCHAIN can regain the winning thread in the opening European Breeders Fund 'Reprocolor' Fillies' Handicap (2.20).
Hawick's latest riding sensation Wayne Hogg recorded the fifth win of his career when My Daisychain swooped late for the 18-year-old in the apprentice handicap.
Chamings said he could not believe his eyes when the talented colt struggled even before halfway under Jimmy Quinn as the race was won easily by Puma, the 13-8 second favourite, from 5-1 shot My Daisychain.
Kelly, 23, was brought into the pub late last year by management company DaisyChain Inns, on behalf of Scottish and Newcastle Breweries.
Hawick's Wayne Hogg looks to have a great chance of taking the hands and heels apprentice handicap on the Mark Johnston trained MY DAISYCHAIN (3.45).
Daisychain in the seven-furlong conditions stakes, in which favourite Binanti was the first beaten.
I've been known to wield a chainsaw wearing an ice-hockey mask, spouting obscenities, but will more people like me if I drop the mask and wear a daisychain instead?
I fancy Darley to take the seven-furlong maiden on Mark Johnston's My Daisychain (2.50) while Fallon's best chance looks to be Michaels Dream (3.55).