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.
$0.0017 550,000 OTO 15:56:43 $0.0017 100,000 OTO 15:54:15 $0.0016 235,000 OTO 15:52:42
$0.0016 73,000 OTO 15:52:06 $0.0017 999,999 OTO 15:49:58
$0.0016 664,166 OTO 15:45:21 $0.0017 89,000 OTO 15:38:18 $0.0016 122,151 OTO 15:35:04 $0.0016 328,815 OTO 15:35:03
$0.0016 371,800 OTO 15:35:03 $0.0016 10,000 OTO 15:30:38 $0.0016 80,383 OTO 15:25:45
$0.0016 354,600 OTO 15:25:44 $0.0016 10,000 OTO 15:25:44 $0.0016 1,989,198 OTO 15:23:43 $0.0016 8,085 OTO 15:23:26 $0.0016 2,717 OTO 15:23:21 $0.0016 52,516 OTO 15:23:16 $0.0016 41,602 OTO 15:23:00
$0.0016 73,165 OTO 15:22:49 $0.0016 60,000 OTO 15:22:48 $0.0016 37,486 OTO 15:22:48 $0.0016 142,514 OTO 15:22:01 $0.0016 250,000 OTO 15:15:19 $0.0016 161,915 OTO 15:14:09
$0.0016 60,000 OTO 15:12:55 $0.0017 100,000 OTO 15:10:52 $0.0017 240,000 OTO 15:09:34
$0.0016 10,000 OTO 15:02:48 $0.0015 661,690 OTO 14:56:47