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 298,100 OTO 15:33:49 $0.0003 130,000 OTO 15:05:03 $0.0004 340,000 OTO 14:59:55 $0.0004 285,000 OTO 14:59:55
$0.0003 1,000,000 OTO 14:57:01 $0.0004 10,000 OTO 14:49:55 $0.0004 650,000 OTO 14:46:50 $0.0004 500,000 OTO 14:31:05 $0.0004 500,000 OTO 14:28:59 $0.0005 155,000 OTO 14:00:00 $0.0004 500,000 OTO 13:06:21 $0.0004 500,000 OTO 12:50:21 $0.0004 94,904 OTO 12:18:20
$0.0004 1,905,096 OTO 11:35:49 $0.0004 80,000 OTO 11:34:04 $0.0004 286,666 OTO 11:33:44 $0.0004 500,000 OTO 11:26:31 $0.0004 500,000 OTO 11:22:18 $0.0004 999,000 OTO 11:21:08 $0.0004 10,000 OTO 10:58:52
$0.0004 3,298,238 OTO 10:58:16 $0.0004 201,762 OTO 10:57:27 $0.0004 253,383 OTO 10:57:26 $0.0004 44,855 OTO 10:57:13 $0.0004 400,000 OTO 10:55:29
$0.0004 1,500,000 OTO 10:50:36 $0.0004 954,145 OTO 10:46:06 $0.0004 10,000 OTO 10:45:10 $0.0004 135,855 OTO 10:44:55 $0.0004 135,855 OTO 10:35:00