daisy chain investment & finance definition

A series of linked trades that are done in order to manipulate the market and increase trading volume to make it appear that there is an active market for a security. The activity makes prices rise and allows the market manipulators to sell their holdings at a higher price. However, when unsuspecting investors attempt to place sell orders, they receive sharply lower prices than they expect because there is no one on the other side willing to purchase the shares.