The slide may stick on the frame before going fully
to the rear, or the barrel may ride with it to the rear.
Begin again and
press down with the
finger onto that rear
portion of the barrel
accessible through the ejection port.
When the barrel depresses and locks to the
frame, continue moving the slide fully to the
rear and engage the slide catch lever.
threw the manual out ? http://www.taurususa.com/pdf/pistol_manual.pdf
if you havent fired and feel unsafe doing so take it to a gun shop and have them look at it.the manual said "When the barrel depresses and locks to the
frame" so i would imagine the barrel would move but probally shouldn't be loose.