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Out of all directories which are generally doing fine, the ones that were asking for a reciprocal link in return are all VANISHED from google. PR=0, and they do not show in index anymore (site: etc returns nothing). I could not believe this. We had about 30 sites which asked for a recip link as a condition for accepting the site. All are vanished - all at once
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I can't verify this as I have not checked, but if it is correct, then I think its a good move on Google's part, IMHO.
CBP