* The Bid was at 110M - Ask 177M in the early open at 9:45 am. The stock traded 3 Million shares for most of the day.
Then, at around 2:15 pm, 35 Million shares hit the Ask at 0.0002
Volume stayed heavy for the rest of the day, the Bid showed better than 300 Million shares, the Ask dropped to below 50 Million shares, and the stock went to 0.0002 x 0.0003 and closed at 0.00015
* Buyers are aggressively, Hitting the Ask of 0.0002
Penny traders believe that Market Makers (MM) will "signal" moves in advance buy using small amounts of buys or sells as "signals".
The "signals" are such a small amount of shares (worth no more than 5 or 10 dollars) that no trader would have paid a commission that costs more than the amount of shares bought.
The "signals" are from one MM to another.
100 - I need shares. 200 - I need shares badly, but do not take the stock down. 300 - Take the price down so I can load shares 400 - Keep trading it sideways. 500 - Gap the stock. This gap can be either up or down, depending on the direction of the 500 signal. 911 - Pending News
Understanding the Form T-Trade:
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection.
3:59 PM EDT Jun 10, 2016 ______________________________________________________________
$0.0002 2 OTO 15:59:53 $0.0002 10,000 OTO 15:59:48
$0.0002 100 OTO 15:59:37 I need shares $0.0002 100 OTO 15:59:37 I need shares
$0.0001 400 OTO 15:52:38 $0.0002 16,500 OTO 15:52:24 $0.0001100 OTO 15:51:49
$0.0002 105,050 OTO 15:51:34
$0.0002 911 OTO 15:49:23 Pending News $0.0002 911 OTO 15:49:23 Pending News
$0.0001 995,000 OTO 15:48:14 $0.0001 5,000 OTO 15:48:11
$0.0002 500,000 OTO 15:42:13 $0.0002 3,500,000 OTO 15:28:07 $0.0002 170,000 OTO 15:24:11 $0.0002 2,495,000 OTO 15:23:21 $0.0002 2,000,000 OTO 15:22:05 $0.0002 5,850,000 OTO 15:22:01 $0.0002 10,000 OTO 15:21:13
$0.0003 2,000,000 OTO 15:19:01
$0.0002 2,500,000 OTO 15:17:02 $0.0002 5,000 OTO 15:17:02 $0.0002 1,650,000 OTO 15:17:00 $0.0002 5,000 OTO 15:16:59 $0.0002 950,000 OTO 15:16:58 $0.0002 5,000 OTO 15:16:29 $0.0002 1,350,000 OTO 15:15:39 $0.0002 10,000 OTO 15:15:28 $0.0002 2,000,000 OTO 15:15:20 $0.0002 10,000 OTO 15:15:19
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