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.
$0.0004 20,000 OTO 15:47:28 $0.0004 10,000 OTO 15:47:12 $0.0004 10,000 OTO 15:27:04 $0.0004 310,000 OTO 15:16:31 $0.0004 24,420 OTO 15:14:35 $0.0004 661,392 OTO 15:14:35 $0.0004 3,000,000 OTO 15:14:35
$0.0004 333,608 OTO 14:41:30 $0.0004 664,304 OTO 14:35:32 $0.0004 112,096 OTO 14:35:32 $0.0004 218,600 OTO 14:35:32 $0.0004 785,696 OTO 14:35:17 $0.0004 2,000,000 OTO 14:32:24
$0.0005 342,792 OTO 14:28:32
$0.0004 1,700,000 OTO 14:26:17 $0.0004 957,208 OTO 14:25:42 $0.0004 450,000 OTO 14:18:57 $0.0004 850,000 OTO 13:31:25 $0.0004 30,000 OTO 12:24:38 $0.0004 184,304 OTO 12:16:16 $0.0004 100,000 OTO 11:58:37 $0.0004 2,715,696 OTO 11:58:28
$0.0004 310,000 OTO 11:55:50 $0.0004 490,000 OTO 11:55:16 $0.0004 10,000 OTO 11:53:58 $0.0004 4,350,000 OTO 11:52:51
$0.0005 250,000 OTO 11:51:54 $0.0005 100,000 OTO 11:41:49 $0.0005 170,000 OTO 11:40:31 $0.0005 10,000 OTO 11:40:31