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 150,000 OTO 15:49:35 $0.0005 2,000,000 OTO 15:47:43 $0.0005 2,120,000 OTO 15:47:01 $0.0005 1 OTO 15:45:22 $0.0005 199,999 OTO 15:45:22
$0.0004 500,000 OTO 15:31:20 $0.0004 500,000 OTO 15:31:10 $0.0004 139 OTO 14:27:26 $0.0004 500,000 OTO 14:26:32 $0.0004 500,000 OTO 14:26:18
$0.0004 160 OTO 14:10:35 $0.0004 160 OTO 14:10:35
$0.0004 180,000 OTO 13:42:34 $0.0004 500,000 OTO 13:33:44 $0.0004 500,000 OTO 13:33:44 $0.0004 411,837 OTO 13:24:22
$0.0004 1,000,000 OTO 13:24:17 $0.0004 40,000 OTO 13:24:17 $0.0004 300,000 OTO 13:24:17 $0.0004 999,999 OTO 13:24:17 $0.0004 999,999 OTO 13:24:17
$0.0004 1,248,165 OTO 13:24:17 $0.0004 500,000 OTO 12:04:24 $0.0004 500,000 OTO 12:04:07 $0.0004 500,000 OTO 12:03:58 $0.0004 651,835 OTO 11:59:56 $0.0004 598,165 OTO 11:59:56 $0.0004 60,000 OTO 11:59:34 $0.0004 180,000 OTO 11:36:16