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Is it worth the money of I were to add content to the domain similar to my site and link to to my own ste from it
The smart money has already noticed some expired domains dropping out of DMOZ, and there's other signs out there for people to notice. I'll see if I can accelerate that PR drop for a batch of PR7 domains, as a favor to keep you from getting a bad deal. :)
I think you should hold off on that GG, some 'expiring' domains are just lazy webmasters who pay at the last moment. You wouldn't want to drop a guys page rank just for being a procrastinator....
(assuming it's not already expired and in someone elses hands, but actually expiring)
The ODP software is doing this automatically. I'm an ODP editor, and just discovered this today. The software automatically removed a listing from the publicly viewable directory, and kicked it back into unreviewed with a highly visible red tag saying "THIS DOMAIN HAS EXPIRED", and listing the date it will become publicly available. There is even an link to an informative page advising editors how to deal with this situation who may not be familiar with domain hijacking.
To put it in simple English for those not so ethical webmasters who think they can get away with inheriting an ODP listing by snatching up expired domains, think again. There is now a software solution in place to prevent that. For those who don't know that the ODP has got wise to domain name hijacking, you may provide some amusement for editors as they drop your hijacked domain in the bit bucket. :)
No one expects google to keep the pr of an expired domain GG but why do you have to go so far as penalise that domain for having been preowned.
I have expired domains That have hardly any old links and have a lot of new ones including new Dmoz listings and still one year on Google refuses to rank them in the serps.Fairs Fair!
Remove the pr but let the domain start afresh.