You submitted this an hour ago, but I see it's been deleted. I believe, but cannot find confirmation, that the moderators frown on this, and may in the past have banned people who submit, delete, re-submit items. Such a ban might depend on just how flagrant the behavior is, and the occasional cycle may be tolerated.
I do not speak for the moderators, and this is my understanding only.
Edited for clarification of the lack of documented source.
