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.
$0.0002 1,000,000 OTO 15:40:05 $0.0002 3,886,731 OTO 15:19:03 $0.0002 1,444 OTO 15:19:02 $0.0002 230,000 OTO 15:18:55 $0.0002 5,881,825 OTO 15:18:54 $0.0002 3,000,000 OTO 14:55:54
$0.0002 8,000,000 OTO 14:43:22 $0.0002 20,000 OTO 14:43:18 $0.0002 10,000,000 OTO 14:43:13 $0.0002 92,923 OTO 14:43:08 $0.0002 4,642,577 OTO 14:43:03 $0.0002 3,822,673 OTO 14:42:59 $0.0002 10,200 OTO 14:42:59 $0.0002 2,177,327 OTO 14:42:56 $0.0002 9,000,000 OTO 14:42:48 $0.0002 5,347,223 OTO 14:42:45 $0.0002 480,000 OTO 14:40:01
$0.0002 20,000 OTO 14:39:55 $0.0002 500,000 OTO 14:39:29 $0.0002 5,000,000 OTO 14:39:09 $0.0002 230,500 OTO 14:37:32
$0.0002 20,000 OTO 14:36:46 $0.0002 337,223 OTO 14:35:52 $0.0002 4,652,777 OTO 14:35:52 $0.0002 10,000 OTO 14:35:48 $0.0002 5,500,000 OTO 14:34:38 $0.0002 2,696,830 OTO 14:34:25 $0.0002 139,590 OTO 14:34:22 $0.0002 2,163,580 OTO 14:34:16 $0.0002 4,875,343 OTO 14:32:32