How can a stock price drop when there are more buy orders than sell orders?
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If I put in 100,000 buy orders at 3c, would that cause the price to drop?
The price is what people AGREE to sell/buy at, nothing to do with how many buy or sell orders there are away from the current agreed price (which is basically what the last buy/sell went for). In fact, sell and buy walls are often used to influence the market.
The market makers act as middleman to keep a market in motion. So if you are trying to sell a $0.03 and there's nobody else all the way to $120, the market makers would try to bring the stock down to grab your shares.
I'll note that most brokers aren't going to allow you to put in buy orders that far from the market price (as far as I know) but the point stands. The order books are interesting for their own reasons but it's only at the spread that the action is really happening.