301-ing an Expired Domain with a Trade Name

slipperflip

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Hi all,

This is my first post here. Thanks for your help in advance. I hope it's in the right place.

I bought an expired domain name with a trade name in it. It was a moment of weakness and I only realized afterward what I had done. So I know I cannot use it directly, but it has a PR 2 with some nice backlinks, so I'd like to 301 it to a new site that I'm working on that has a PR of 1.

Couple of questions:

1. Does this redirect strategy still work? I've been reading on it but I'm still unclear.
2. And if I do use this, is it putting me at risk?

Any other holes you can poke in this little plan would be great to hear now. Thanks!
 
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