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.
$0.0005 308,000 OTO 15:40:21 $0.0005 15,000 OTO 15:39:06 $0.0004 2,500,000 OTO 15:25:36 $0.0004 200,000 OTO 14:59:41 $0.0004 2,500,000 OTO 14:56:38
$0.0004 300,000 OTO 14:56:38 $0.0005 5,000,000 OTO 14:48:28 $0.0005 600,000 OTO 14:48:17 $0.0005 519,999 OTO 14:48:14 $0.0005 600,000 OTO 14:48:11 $0.0005 600,000 OTO 14:48:11 $0.0005 600,000 OTO 14:48:11 $0.0004 3,175,000 OTO 14:43:58 $0.0004 225,000 OTO 14:16:57 $0.0004 1,000,000 OTO 14:14:20
$0.0004 21,535,000 OTO 14:08:17 $0.0004 35,000 OTO 14:04:30 $0.0004 1,537,500 OTO 14:00:32 $0.0004 912,500 OTO 14:00:06 $0.0004 10,000 OTO 14:00:05 $0.0004 10,000 OTO 13:59:58 $0.0004 1,067,500 OTO 13:59:48 $0.0004 13,960,000 OTO 13:57:30 $0.0004 3,340,000 OTO 13:57:19
$0.0004 4,235,000 OTO 13:57:17 $0.0005 900,000 OTO 13:38:07 $0.0005 1,250,000 OTO 13:34:43 $0.0005 100,000 OTO 13:30:46 $0.0005 172,000 OTO 13:12:19