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daisy-chain

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daisy chain

–noun
1. a string of daisies linked together to form a chain.
2. such a chain used as a garland or carried on festive days by a group of women college students.
3. a series of interconnected or related things or events: a daisy chain of legislative delays and stalemates.
4. Slang. a group sexual activity in which the participants serve as active and passive partners to different people simultaneously.
5. Commerce. a series of transactions designed to create the appearance of active trading, as in a particular stock, in order to manipulate the price.

Origin:
1835–45
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

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 by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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