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If this wasn't completely safe wouldn't you be able to hurt a competitor by redirecting a PR0 domain to their site?
Even if Google compared the cached snapshot of the PR0 to the redirected (new) page, it would still be possible to hurt a competitor by copying their site, getting a zero, and then setting up a redirect.
Any personal experiences with this?
While it would be nice to pull a quick switcheroo on the domain name (without having to do a complete site reinstall), I see how factors like an IP & Domain registrant might still taint a new site.
Since I've got a couple zeros to work with I may give it a try.
With PR0's being so much easier to acquire than PR10's. I think not being able to hurt someone else's site is as close to a fact as one can find in the Google algorithm.
Update:
From [google.com...]
"There is almost nothing a competitor can do to harm your ranking or have your site removed from our index."
Is that "almost" new?