301 redirecting pages between working domains

can it do any bad to me?

[idolw]

I have two websites about the same topic but two different areas. Site one was started a year before the second one.
When my first site gained strong position in google I decided to add some pages about stuff from my second website, which was still buried in the sand. It was purely because of my greed.
Google eagerly ranked my pages high and then released Site2 from the sandbox, so I did not need the pages on Site1. I stopped all work on Site1 pages and worked on the Site2.
I even put "Thanks for coming, but we do not do this anymore" text on Site1's pages as I did not want to delete these pages from the server.
However, now Google ranks these pages higher than the great ones belonging to Site2, which I do not like.
My question is: if I 301 redirected certain pages to another site, can it do any bad to any of my sites?
I already know it may happen that nothing good will be done.
But is there a risk of any bad?

[sublime1]

In my experience, there is risk (to your SERPs) in almost any sitewide change you make. 301 means "Moved Permanently", which one might think would cause G to flush the old page and only consider the good one. But all my experience with 301s (and "404 Page Not Found" and even "410 Gone") is that Google's memory is pretty much forever.

Having said this, it is, of course, a perfectly legitimate thing to move a page from one place to another, or even a whole site. It's done all the time and there are lots of good reasons to do so. But I would not say that a good reason is to get a page out of a bad site and into a site that Google has blessed.

I like to think of Google as a kind of Greek god that has great powers but a short temper. G has almost no tolerance for what it perceives (rightly or wrongly) as an attempt to influence it in a way that it does not approve of. Also, what it approves of may change from one day to the next.

To summarize, Google God is:
* Omnipotent
* Unforgiving
* Short Tempered, and
* Fickle

Gotta run -- I need to sacrifice another goat to Google :_)

[idolw]

thanks Sublime!

I do not care about the current SERPs of the page i do not want to have in future. I would redirect all its power to proper page on another site.
Just am not sure if that can do any bad to any of my sites...
Did anyone do something similar to what I did in the past?