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Just yesterday I got rid of about 30 low PR reciprocal links that I had on my site. My number is still rather high (over 50) but I narrowed them down to PR3 or higher. I keep reading that google frowns upon link trading as it allows the possibility of paying for links which is a practice they are trying to tone down. After the next google toolbar PR change I will remove more links from my site that aren't improving. Your link juice is important and shouldn't be given away, especially if Google is trying to devalue it.
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