When Ben Silverstein is sent to the rundown town of Buttonville to spend the summer with his grandfather, he's certain it will be the most boring vacation ever. That is, until his grandfather's cat brings home what looks like .
Definition of momo. momo. noun. an unintelligent person; moron. Dates to the mid-1950s. The Random House Historical Dictionary of American Slang suggests it may be from a reduplication of the first syllable in moron or it may be from the dialectical Italian mammoccio meaning stupid rascal.
Day Trader. An example of a momo play is the five-minute forex momo trade, which is a fast trade based on identifying a momentum burst on five-minute charts.In this play, a forex trader tries to make money from an extension move but will exit the position as soon as it appears to be weakening in order to protect profits. slang term used to describe an advanced trading strategy based purely on momentum. In a momo play, the trader is not interested in the company's fundamentals, only in the short-term direction of a security's price movement.