I've maintained the rankings because of the links I received during that traffic spike as well as the traffic coming in through the search engine results. What better way for Google to test whether a site is actually decent or not than to rank it quickly because it's getting traffic, then keep it there or drop it based on the CTR and Bounce Rate of the site? It's possible to game these metrics, but not as easily as something like link or content spam.
For reference, the blog post is: http://www.layeredthoughts.com/automation/how-to-write-your-...