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.
$0.0005 212,000 OTO 15:43:46 $0.0005 11,600 OTO 15:43:43
$0.0006 150,000 OTO 14:30:22
$0.0005 1,510,000 OTO 13:47:45 $0.0005 978,400 OTO 13:46:40 $0.0005 250,000 OTO 13:46:16 $0.0005 2,578,401 OTO 13:45:00 $0.0005 1,771,600 OTO 13:45:00 $0.0005 649,999 OTO 13:44:57 $0.0005 2,000,000 OTO 13:42:04 $0.0005 1,350,000 OTO 13:31:06 $0.0005 1,016,226 OTO 12:27:19 $0.0005 900,000 OTO 12:27:15 $0.0005 10,000 OTO 12:17:21 $0.0005 100,000 OTO 12:17:20
$0.0005 460,911 OTO 11:55:24 911 - Pending News $0.0005 270,000 OTO 11:51:22
$0.0004 499,999 OTO 11:45:08 $0.0004 499,999 OTO 11:45:08
$0.0005 5,000,000 OTO 11:35:08
$0.0004 359,268 OTO 11:22:34 $0.0004 2,000,000 OTO 11:07:48 $0.0004 4,705,654 OTO 10:56:09 $0.0004 2,299,999 OTO 10:56:08
$0.0005 10,000 OTO 10:25:52 $0.0005 154,447 OTO 10:25:48 $0.0005 2,525,553 OTO 09:56:13 $0.0005 10,000 OTO 09:55:40 $0.0005 10,000 OTO 09:55:30 $0.0005 1,000,000 OTO 09:55:20 $0.0005 1,000,000 OTO 09:54:11 $0.0005 474,447 OTO 09:52:19 $0.0005 4,525,553 OTO 09:50:15 $0.0005 85,753 OTO 09:49:29 $0.0005 2,964,247 OTO 09:49:29
$0.0005 350,000 OTO 09:48:59 $0.0005 289,800 OTO 09:46:27 $0.0005 10,200 OTO 09:46:27 $0.0005 2,000 OTO 09:41:34 $0.0005 998,000 OTO 09:41:24 $0.0005 625,000 OTO 09:39:49 $0.0005 10,000 OTO 09:35:57 $0.0005 10,000 OTO 09:33:52 $0.0005 10,000 OTO 09:33:42 $0.0005 172,000 OTO 09:33:32