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.
$0.0003 833,000 OTO 15:57:29 $0.0003 1,100,000 OTO 15:55:26 $0.0003 1,100,000 OTO 15:55:26 $0.0003 7,150,000 OTO 15:13:35 $0.0003 250,000 OTO 15:00:01
$0.0002 475,000 OTO 14:11:00 $0.0002 1,000,000 OTO 13:14:04 $0.0002 3,998,800 OTO 11:23:27
$0.0003 2,000,000 OTO 11:05:28 $0.0003 3,300,000 OTO 10:45:41 $0.0003 500,000 OTO 10:43:05 $0.0003 1,400,000 OTO 10:38:12 $0.0003 500,000 OTO 10:36:19 $0.0003 500,000 OTO 10:35:04 $0.0003 5,000,000 OTO 10:34:40
$0.0002 492,070 OTO 10:31:23
$0.0003 507,930 OTO 10:31:09 $0.0003 500,000 OTO 10:30:55 $0.0003 2,992,070 OTO 10:30:01 $0.0003 750,000 OTO 09:51:29 $0.0003 23,000 OTO 09:51:29 $0.0003 4,177,000 OTO 09:51:25 $0.0003 823,000 OTO 09:51:20 $0.0003 877,000 OTO 09:42:05 $0.0003 2,800,000 OTO 09:33:39