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I have two sites that have no PR on my toolbar. One used to have a PR4 but, lost it some months ago. I am still getting the same amount of hits from G on it(it's also listed in the DMOZ). My other site has never been submitted to any engines. I had a buddy put a link to it on his site (which is still there) before any real content was added. It is being hit by bots daily. I am now showing up #1 with two of my search terms and page one with a more competitive combination. Yet, I have no PR and, my buddy's site does not show up in a G backlink search.
Should I be concerned with the no PR and no backlinks? My competition field is not huge, is it possible that G has no ranking for it? Thanks
Nice that it put you straight it at #1 though!
Don't be too disturbed if you drop out of the SERPS again for a bit. This is all quite normal.
Work on getting some more backlinks and putting more content on your site and forget about Google for a bit. It'll be a month or two until you see stable listings for your site.
TJ