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.
15:59:57 0.0004 50000 OTO 15:59:31 0.00031 10000 OTO 15:59:31 0.0003 1200000 OTO 15:35:16 0.0003 2000000 OTO 15:30:20 0.0004 1000000 OTO 15:23:40 0.0004 1000000 OTO 15:23:40 0.0004 1000000 OTO
15:16:35 0.0003 700000 OTO 15:15:20 0.0003 4300000 OTO 15:14:44 0.0003 700000 OTO 15:08:52 0.0003 6800000 OTO 15:08:50 0.0003 4000000 OTO 15:08:50 0.0003 1700000 OTO 15:00:53 0.0003 300000 OTO
14:50:31 0.0003 400000 OTO 14:46:04 0.0002 1723333 OTO 14:46:04 0.0002 1000000 OTO 14:46:03 0.0003 3016667 OTO 14:45:55 0.0003 10000 OTO 14:45:54 0.0003 4250000 OTO 14:38:40 0.0003 2136668 OTO 14:38:40 0.0003 1863332 OTO 14:38:30 0.0003 10000 OTO
14:38:20 0.0003 10000 OTO 14:38:10 0.0003 3116668 OTO 14:36:32 0.0003 1000000 OTO 14:34:05 0.0003 999999 OTO 14:33:43 0.0004 20000 OTO 14:32:31 0.0003 3096668 OTO 14:32:29 0.0003 605082 OTO