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.
$0.0011 33,189,050 OTO 16:23:05 T-Trade ________________________________________________________________
$0.0013 400,000 OTO 15:54:16 $0.0011 7,767,002 OTO 15:54:15 $0.0012 344,160 OTO 15:54:14 $0.0013 10,000 OTO 15:53:57 $0.0011 9,999,999 OTO 15:53:52 $0.0012 1 OTO 15:53:28 $0.0012 1,740,451 OTO 15:53:25 $0.0012 1,250,000 OTO 15:53:22 $0.0012 1,010,000 OTO 15:53:21 $0.0012 1,000,000 OTO 15:53:21 $0.0013 10,000 OTO 15:48:44 $0.0014 200,000 OTO 15:48:01 $0.0014 650,000 OTO 15:44:21 $0.0014 445,000 OTO 15:41:53 $0.0014 5,000 OTO 15:41:49 $0.0014 5,000 OTO 15:41:49 $0.0014 40,000 OTO 15:40:00 $0.0014 5,000 OTO 15:39:42 $0.0014 5,000 OTO 15:39:42 $0.0014 200,000 OTO 15:37:18 $0.0014 9,100 OTO 15:35:21 $0.0014 900 OTO 15:35:12 $0.0012 294,590 OTO 15:27:06 $0.0012 745,410 OTO 15:27:06 $0.0013 10,000 OTO 15:25:22 $0.0013 11,466 OTO 15:25:15 $0.0013 1,025,000 OTO 15:25:14 $0.0013 784,264 OTO 15:24:55 $0.0013 845,521 OTO 15:23:33