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.
$0.0006 100,000 OTO 15:58:29 $0.0006 300,000 OTO 15:58:19 $0.0006 825,000 OTO 15:58:10
$0.0006 1,600,000 OTO 15:58:10 $0.0007 1,000,000 OTO 15:38:46 $0.0007 500,000 OTO 13:53:05
$0.0007 500,000 OTO 13:50:56 $0.0008 800,000 OTO 13:48:25 $0.0008 100,000 OTO 13:48:25 $0.0008 100,000 OTO 13:48:08 $0.0007 100,000 OTO 12:46:16 $0.0007 50,000 OTO 12:45:20 $0.0007 143,345 OTO 11:12:15 $0.0007 1,000,000 OTO 11:05:39 $0.0007 500,000 OTO 11:00:02 $0.0007 390,057 OTO 10:56:28 $0.0007 250,000 OTO 10:55:54 $0.0007 500,000 OTO 10:55:28
$0.0007 606,655 OTO 10:55:28 $0.0009 58,585 OTO 10:41:24 $0.0009 767,415 OTO 10:41:24 $0.0009 50,000 OTO 10:41:24
$0.0008 187,500 OTO 09:39:15 $0.0008 10,000 OTO 09:39:15