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.
$0.0006 150,000 OTO 15:59:22 $0.0006 200,000 OTO 15:58:33
$0.0006 8,000 OTO 15:45:41 $0.0007 590,000 OTO 15:43:59 $0.0007 500,000 OTO 15:42:34 $0.0007 500,000 OTO 15:42:34 $0.0007 10,000 OTO 15:42:30 $0.0007 400,000 OTO 15:42:20 $0.0006 440,000 OTO 15:37:06 $0.0006 975,000 OTO 15:27:37 $0.0006 125,000 OTO 15:27:37 $0.0006 650,000 OTO 14:55:35 $0.0006 1,000,000 OTO 14:51:18 $0.0006 407,142 OTO 13:41:14 $0.0006 10,000 OTO 13:41:14 $0.0006 125,000 OTO 13:29:08 $0.0006 10,000 OTO 13:29:08
$0.0006 200,000 OTO 13:21:31 $0.0007 60,000 OTO 13:14:29 $0.0007 50,000 OTO 12:34:30 $0.0007 50,000 OTO 12:27:45
$0.0007 950,000 OTO 12:27:45 $0.0008 200,000 OTO 12:10:05
$0.0007 2,000,000 OTO 12:07:43 $0.0008 500,000 OTO 12:07:41 $0.0007 139,839 OTO 12:07:31 $0.0007 3,670,026 OTO 12:07:21 $0.0007 319,974 OTO 12:06:41 $0.0007 10,000 OTO 12:06:41