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whats up with todays -60%
Well maybe next week have a good week end
Looking for a great day here.
LOOKING FOR A GOOD DAY HERE
I agree, everyone who wanted out got out on the record volume day after we hit .25, today we should have a nice easy ride up IMO.
I was glad to see it retrace like that .Tells me alot of traders on this one should be good for 2 more runs then the long term players come in once it gets to .25 .30 juust have to keep an eye on your L2 when the momo stops sell jmop.
Well we are on the top gainers list for Nasdaq stocks with the highest dollar volume, that should get us some attention tomorrow again, I would love to see us take out today's highs just like this morning we took out yesterdays highs fast and ran huge. Looking forward to the AM, I hope we have another huge gap and run early that way we will see a lot of new money move in as long as we are green they are buying to keep up and not miss out on another 100% gainer or more from here, today's pullback was huge, we were solid in the .20's but when the over all markets dropped the MM's took her down hard and really shook it, I can not believe they were able to take it back this low, my bet is they will be scrambling to buy again in the AM.
I think your rite today was great made a 100% today and bought more at .13 this should trade pre market hope to have another day like today
It is the hottest MOMO stock in the Nasdaq right now, as long as everyone checks the top 10 gainers list and see's that we had the highest dollar volume by far we are off to the races again in the morning, I hope we do like today and breakout from todays highs early tomorrow AM, the float has to be very small now for willing sellers in this range as we traded record volume now for 2 days. Looking forward to a huge jump in the AM and that will attract a lot of new buyers.
It is the hottest MOMO stock in the Nasdaq right now, as long as everyone checks the top 10 gainers list and see's that we had the highest dollar volume by far we are off to the races again in the morning, I hope we do like today and breakout from todays highs early tomorrow AM, the float has to be very small now for willing sellers in this range as we traded record volume now for 2 days. Looking forward to a huge jump in the AM and that will attract a lot of new buyers.
Took a real good run this morning on the news same peeps will play it again along with some new
Whoa! Nice bump on this bad boy today !
Something big, looking forward to another huge day tomorrow.
Decrease in foreclosures: "Of states showing a decrease in foreclosures, Texas fell 63 percent in March, while New Mexico dropped 32 percent, New Jersey dropped nearly 20 percent, and Hawaii and Delaware were both down about 16 percent."
says cnbc today.
More good news.
yes, strange, i had predictet that based on the financials and the joint venture with Northland would have taken more risc out of the liquidity situation, but TARR is very difficult to predict..... Maybe we are waiting for shareholders' meeting on May 1, 2008...
The liquidity situation in Tarragon must be better now and i think it will continue until 1/5.
This stock amazes me. I guess all those insider buys brought some confidence in this stock. For a little while i was worried that all the big leaps were gone. But thankfuly I was wrong.
I love having this stock
I can see no reason or explanation in the news except for the announcement of the Annual Meeting (1/5-2008), and still the quote is going up. I bet there will be good news in the near future.
Question, what does everyone else think of all these insider buys? I noticed that they all bought a good amount of stock and options, what should that indicate?
Maybe the rate cut? cramer? i don't know all i said was amazing
and almost 10% today - based on what?
TARR $1.55
Tarragon Sells Six Properties For $156M
38 minutes ago - Dow Jones News
DOW JONES NEWSWIRES
Tarragon Corp. (TARR) said Thursday that it has sold its interest in six properties located in Florida and South Carolina to affiliates of Northland Investment Corp. for $156 million.
The New York mixed-use developer said Northland assumed, extended and modified $108 million in existing financing from Barclays Capital Real Estate to finance the purchase.
Tarragon said it is continuing to guarantee repayment of about 10% of the loan.
Tarragon has also been retained to manage the six properties for Northland entities and may share in future profits from their sale and operation.
Shares in Tarragon were up 14 cents, or 9.5%, at $1.62 in recent trading.
-Shirleen Dorman; 201-938-5400; AskNewswires@dowjones.com > Dow Jones Newswires
01-03-08 1515ET
Copyright (c) 2008 Dow Jones & Company, Inc.
Tarragon Corporation has filed the following document(s) with the United States Securities and Exchange Commission.
--------------------------------------------------------------------------------
Dec 10, 2007
Form 3 / Rosato, William
http://investor.tarragoncorp.com/secfiling.cfm?filingid=1209191-07-68756
Form 3 / Swenson, Eileen
http://investor.tarragoncorp.com/secfiling.cfm?filingid=1209191-07-68758
Form 3 / Thompson, William Michael
http://investor.tarragoncorp.com/secfiling.cfm?filingid=1209191-07-68764
View all SEC Filings
http://investor.tarragoncorp.com/sec.cfm
Tarragon Announces Progress on Addressing Liquidity Issues
Completes $90 Million of Property Sales; Expects Another $280 Million of Property Sales by Year-End; Anticipates Pre-Tax Impairment Charges of Approximately $350 Million
Tarragon Corporation (NASDAQ: TARR), a leading mixed use developer with a focus on for rent and for sale multifamily housing, today announced further progress on addressing its previously disclosed liquidity issues.
Tarragon recently completed the sale of five properties which included two residential properties (Deerwood Village in Ocala, FL, and Vista Grand in Tampa, FL), two commercial properties (Midway Mills in Dallas, TX, and 290 Veterans in Rutherford, NJ) and a land development project in Orlando, FL. The aggregate sales price for these properties was $89.6 million, resulting in approximately $16.5 million of net proceeds to Tarragon after distributions to partners and repayment of $66.6 million of debt. Tarragon estimates that it will realize a net pre-tax gain, after giving effect to impairment charges to be recorded for certain of the properties, of approximately $6 million from the sale of these five properties.
Tarragon currently has six other properties under contract for sale that are presently expected to close by year-end. The aggregate sales price for these properties is approximately $280 million. These pending sales, which remain subject to customary closing conditions, are estimated to yield net cash proceeds of $54 million, after partner distributions and repayment of $203 million of debt. Tarragon expects to realize a pre-tax gain, after giving effect to impairment charges to be recorded for two of the properties, of approximately $43 million on these sales.
Since March 31, 2007, Tarragon has sold 14 properties for an aggregate sales price of $279 million. These sales have generated net cash proceeds of $44 million and reduced the Company's consolidated debt by over $200 million.
Tarragon presently expects to record pre-tax impairment charges of approximately $350 million when it reports its financial results for the second and third quarters of 2007. The charges stem from both realized losses on the sales of properties as well as write downs to reflect the estimated fair value of properties still held by the Company. As previously reported, the Nasdaq Listing Qualifications Panel recently granted the Company an extension to file its Form 10-Qs for the quarters ended June 30 and September 30, 2007. With this extension, Tarragon's common stock will continue to be listed on the Nasdaq Global Select Market, subject to filing these reports with the SEC on or before December 21, 2007.
Tarragon also announced that it has entered into agreements with National City Bank and Regions Bank to restore to good standing a combined $130 million in loans made to Tarragon and/or its affiliates. To date, Tarragon has restored approximately $950 million in loans to good standing. Negotiations continue with one remaining major lender for the satisfaction or reinstatement of a loan of $160 million on six properties.
These transactions are part of an overall plan designed to improve the Company's liquidity and financial condition. The plan currently contemplates additional property sales, the proceeds of which will continue to be used to repay Tarragon's outstanding debt, satisfy other obligations and to provide additional liquidity while it restructures and streamlines the organization to reposition the Company for future opportunities.
"In the past several months, we have made good progress by reinstating to good standing most of our outstanding debt and improving our liquidity through the sale of non-core properties," commented William S. Friedman, the Company's Chairman and Chief Executive Officer. "Given current conditions in the real estate and credit markets, we still face significant challenges, including covenant non-compliance under our existing $125 million of subordinated debt, with respect to which short term waivers have been received. The special committee formed last August is continuing to work with Lazard, the Company's financial advisor, to evaluate strategic and other alternatives."
About Tarragon Corporation
Tarragon Corporation is a leading developer of multifamily housing for rent and for sale. Tarragon's operations are concentrated in the Northeast, Florida, Texas and Tennessee. To learn more about Tarragon Corporation, visit: www.tarragoncorp.com.
Forward-looking Statements
Information in this press release includes "forward-looking statements" made pursuant of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "intends," "estimates," "designed to" and variations of these words and similar expressions are intended to identify forward-looking statements, which include statements regarding discussions with other significant lenders, the expected use of net proceeds of currently contemplated property sales, Tarragon's financial condition and short-term liquidity needs and strategic and financial alternatives that may be pursued by, or available to, Tarragon. Actual results and the timing of certain events could differ materially from those projected or contemplated by these forward-looking statements due to a number of factors, including Tarragon's ability to complete currently contemplated property sales on acceptable terms and conditions and to identify suitable strategic or financial alternatives in the near-term, the results of negotiations with Tarragon's lenders and other creditors, risks associated with the potential delisting of Tarragon's common stock from the Nasdaq Global Select Market, Tarragon's ability to make the required SEC filings by the deadline set by the Nasdaq Listing Qualifications Panel, conditions in the homebuilding industry, the residential real estate and mortgage markets and the capital and financial markets generally, general economic conditions, interest rates and other risk factors outlined in Tarragon's SEC reports, including its Annual Report on Form 10-K for the year ended December 31, 2006. Tarragon assumes no responsibility to update forward-looking information contained in this press release.
TARR - G
Contacts:
Broadgate Consultants, LLC
Alan H. Oshiki
(212) 232-2222
Email Contact
Tarragon Corporation
William S. Friedman
(212) 949-5000
Email Contact
Source: Marketwire (November 27, 2007 - 11:52 AM EST)
News by QuoteMedia
www.quotemedia.com
High volume already from start of day - can anybody explain?
TARR NEWS!!!
Tarragon Receives Filing Extension From Nasdaq
Nov 20, 2007 10:21:00 AM
NEW YORK, NY -- (MARKET WIRE) -- 11/20/07 -- Tarragon Corporation (NASDAQ: TARR) today announced that the Nasdaq Listing Qualifications Panel has granted Tarragon's request for an extension to file its Form 10-Qs for the quarters ended June 30 and September 30, 2007. Pursuant to the extension, Tarragon's common stock will continue to be listed on the Nasdaq Global Select Market subject to the filing of the above referenced reports with the SEC by December 21, 2007.
About Tarragon Corporation
Tarragon Corporation is a leading developer of multifamily housing for rent and for sale. Tarragon's operations are concentrated in the Northeast, Florida, Texas and Tennessee. To learn more about Tarragon Corporation, visit: www.tarragoncorp.com.
Forward-looking Statements
Information in this press release includes "forward-looking statements" made pursuant of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "intends," "estimates," "designed to" and variations of these words and similar expressions are intended to identify forward-looking statements, which include statements regarding compliance with the NASDAQ Listing Qualification Panel's requirements, the timing of the filing of Tarragon's Form 10-Qs for the quarters ended June 30 and September 30, 2007 and the continued listing of Tarragon's common stock on the Nasdaq Global Select Market. Actual results and the timing of certain events could differ materially from those projected or contemplated by these forward-looking statements due to a number of factors, including Tarragon's ability to make the required SEC filings by the deadline set by the Nasdaq Listing Qualifications Panel; risks associated with the delisting of Tarragon's common stock from the Nasdaq Global Select Market; Tarragon's ability to complete currently contemplated property sales on acceptable terms and conditions and to identify suitable strategic or financial alternatives in the near-term, the results of negotiations with Tarragon's lenders and other creditors, conditions in the homebuilding industry, the residential real estate and mortgage markets and the capital and financial markets generally, general economic conditions, interest rates and other risk factors outlined in Tarragon's SEC reports, including its Annual Report on Form 10-K. Tarragon assumes no responsibility to update forward-looking information contained herein.
TARR - G
Contacts:
Broadgate Consultants, LLC
Alan H. Oshiki
(212) 232-2222
Email Contact
Tarragon Corporation
William S. Friedman
(212) 949-5000
Email Contact
It is a confirmed magic box for TARR, williams popped over the 50 and went up!
Well once the williams goes above 50 it should be a buy
what does that mean exactly?
Waiting on financials from q2 and 3, plus the shorters, and general sentiment imo. We should have word around the 15th of november according to WF
whats going on here?
it just keeps falling
IT APPEARS THE SHORTS HAVE COVERED TARR NO LONGER ON THE REG SHO LIST
Jumped at the end of the day?
I think theres news of more loan reinstatements coming Monday. I mean 20 cents up in the last half hour or so of trading after news of legal things at 1:30? hmmmmmmm
No, dont know either piling more shorts or someone capitulated. Either way it seemed like a manipulated move. I think it was designed to scare people out for covering.
No, dont know either piling more shorts or someone capitulated. Either way it seemed like a manipulated move.
What was the reason for down movement yesterday, havent seen any news - have you?
I'm still holding.
I think tarr is a really fun stock to watch... the gap should be filled soon, now lets see what it does in the next few days.
Wow I wonder if somebody is in the news of something good to come, somebody just bought 209,307 shares of TARR @ $2.67
I saw a forecast that was at around $5.40 toward end of November, and I also think I saw a book value of around $9 something on yahoo finance, will have to check later.
UP
All it needs is the PR saying that all their loans are reinstated and it is good to go. Not to mention the volume is coming back over 2 million today compared with only hundreds of thousands in the last week or so. There are a lot of shorts in this stock though. all of this is IMO
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