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.
$0.0016 300,000 OTO 15:55:09 $0.0016 213,600 OTO 15:55:09 $0.0016 263,200 OTO 15:55:00 $0.0016 100,000 OTO 15:55:00 $0.0016 100,000 OTO 15:54:55 $0.0016 100,000 OTO 15:54:51
$0.0016 81,600 OTO 15:54:51 $0.0016 40,800 OTO 15:54:47 $0.0016 20,400 OTO 15:54:43 $0.0016 10,200 OTO 15:54:39 $0.0016 10,200 OTO 15:54:38
$0.0016 10,000 OTO 15:54:35 $0.0017 10,000 OTO 15:37:46 $0.0017 10,000 OTO 15:37:43 $0.0017 50,000 OTO 15:37:11 $0.0016 10,000 OTO 15:35:52 $0.0016 340,000 OTO 15:33:56 $0.0016 100,000 OTO 15:33:41 $0.0016 100,000 OTO 15:33:34
$0.0016 80,000 OTO 15:33:23 $0.0016 40,000 OTO 15:33:22 $0.0016 20,000 OTO 15:33:16 $0.0016 10,000 OTO 15:33:15 $0.0016 10,000 OTO 15:33:06 $0.0016 10,000 OTO 15:18:37
$0.0016 10,000 OTO 14:45:57 $0.0016 10,000 OTO 14:43:12 $0.0016 133,875 OTO 14:43:12 $0.0016 10,000 OTO 14:43:02 $0.0016 50,000 OTO 14:41:22