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 8,334 OTO 15:45:25 $0.0006 81,666 OTO 15:45:16 $0.0005 2,132,944 OTO 15:44:41 $0.0006 10,000 OTO 15:35:55 $0.0006 350,000 OTO 15:35:41 $0.0006 360,000 OTO 15:35:40 $0.0006 491,666 OTO 15:35:11 $0.0005 161,500 OTO 15:33:53
$0.0006 2,600,000 OTO 15:29:08 $0.0006 400,000 OTO 15:29:05 $0.0006 10,000 OTO 15:29:02 $0.0006 51,995 OTO 15:27:57 $0.0006 948,005 OTO 15:27:57
$0.0006 2,000,000 OTO 15:24:22 $0.0006 990,000 OTO 15:23:32 $0.0006 5,290,001 OTO 15:23:16 $0.0006 10,000 OTO 15:23:14
$0.0006 3,709,999 OTO 15:23:13 $0.0005 1,000,000 OTO 15:18:47 $0.0005 250,000 OTO 15:18:40 $0.0006 10,000 OTO 15:18:08 $0.0006 275,001 OTO 15:18:07 $0.0006 464,999 OTO 15:18:07 $0.0006 100,000 OTO 15:12:25
$0.0005 1,000,000 OTO 15:09:10 $0.0005 250,000 OTO 15:06:00 $0.0005 10,000 OTO 15:05:52
$0.0005 9,000,000 OTO 15:05:51 $0.0004 8,400,000 OTO 14:53:03 $0.0006 10,000 OTO 14:37:50