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 ?
Our goal is to nurture a successful volunteering journey, whatever opportunity and route the volunteer wants to follow by setting clear recruitment policies and a structure that ensures all our volunteers gain an excellent experience while they are supporting Daisy Chain.
Matt Simpson, chief executive of Daisy Chain, said: "Once again, it's great to be working with John and the team at Ramside Estates, particularly on such a prestigious event.
Nathan Money, community fundraiser at Daisy Chain, said: "Support from companies such as the Grosvenor Casino Newcastle is tremendously important in enabling us to continue the work we do with children.
We are also celebrating a whole decade of funding support from players of People's Postcode Lottery which has been integral to the development and growth of Daisy Chain over the last decade.
Daisy Chain was also delighted to welcome a team from People's Postcode Lottery to celebrate a whole decade of receiving funding.
The employability course is supported by players of People's Postcode Lottery, who in 2019 ring fenced PS100,000 of the annual award to Daisy Chain specifically to combat loneliness and isolation.
"After Jake was diagnosed with autism, there seemed to be little support for us as a family apart from Daisy Chain which is not government funded and is completely charitable so we wanted to give our support.
For 23-year-old Emma Calvert, getting a job is something she dreams about and she was delighted to gain new skills on the Daisy Chain employability course.
Neeraj Sharma, Daisy Chain chief executive, said: "This is an important community event in our calendar when we open Daisy Chain to the public and they can come and see the work we do with families affected by autism as well as enjoy the farm facilities.
Daisy Chain has worked closely with Charles Clinkard to help the company train staff and create a bespoke personalised service for families affected by autism.
It's a fantastic atmosphere when all the runners, who have been training hard for months, get together and form Team Daisy Chain.
Yet Lesley's legacy lives on, and this year Daisy Chain, which has been chosen as a TSB Local Charity Partner by the bank's Billingham branch, is celebrating its 15th anniversary.