Connected in series, one after the other. Transmitted signals go to the first device, then to the second and so on.
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1.
A series of connected events, activities, or experiences. For example, The daisy chain of lectures on art history encompassed the last 200 years. This metaphorical term alludes to a string of the flowers linked together. [Mid-1800s]
2.
A line or circle of three or more persons engaged in simultaneous sexual activity. For example, A high-class call girl, she drew the line at daisy chains. [Vulgar slang; 1920s]
3.
A series of securities transactions intended to give the impression of active trading so as to drive up the price. For example, The SEC is on the alert for unscrupulous brokers who are engaging in daisy chains. [1980s]
A group of unscrupulous investors who, practicing a kind of fictitious trading or wash selling, artificially inflate the price of a security so that they sell it at a profit. Price manipulation is typically very difficult in stocks with heavy volumes, so the stocks with low liquidity are much more susceptible to daisy chains.
Investopedia Says:
Investors who do not look carefully at a stock are the usual prey of a daisy chain. As a stock rises due to increased volume, investors who didn't do all their homework may be attracted to the stock because they want to participate in the rising price. These investors are typically caught owning a stock that continues to depreciate long after the daisy chain sells out their positions for a profit.
Related Links:
To bamboozle someone out of their money is an age-old ruse. Learn about some of the gimmicks modern-day swindlers use and avoid becoming a statistic. Online Investment Scams Tutorial
What is a "wash sale"?
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| Look up daisy chain in Wiktionary, the free dictionary. |
Daisy chain may refer to a daisy garland created from daisy flowers, the original meaning and the one from which the following derive by analogy:
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