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LSDefine

Simple English definitions for legal terms

daisy chain

Read a random definition: pontifex

A quick definition of daisy chain:

A daisy chain is when a group of people who sell stocks work together to make the price go up. They do this to trick other people into buying the stock at a high price. Once the other people buy the stock, the group of sellers quickly sell their own stock for a profit, leaving the buyers with overpriced stock. This is not allowed and is against the law.

A more thorough explanation:

A daisy chain is when a small group of securities dealers buy and sell the same stock repeatedly to drive up the price. They do this to attract unsuspecting buyers who will invest in the stock. Once the buyers invest, the traders sell the stock for a quick profit, leaving the buyers with overpriced stock. This is illegal.

A group of securities dealers buy and sell shares of XYZ company among themselves, driving up the price. They then convince others to invest in the stock, claiming it is a great opportunity. Once the unsuspecting buyers invest, the traders sell their shares for a profit, leaving the buyers with overpriced stock that is now worth less than what they paid for it.

This example illustrates how a daisy chain works. The traders manipulate the stock price to attract buyers, then sell their shares for a profit, leaving the buyers with a loss. This is illegal because it is a form of market manipulation that harms investors.

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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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