Msg#: 4636096 posted 1:07 pm on Jan 9, 2014 (gmt 0)
I think what you're referring to are the old pre-2008 Google guidelines where it said webmasters should keep the number of links per page to 100 max. This is no longer valid and the number of links per page is no longer the best criteria for choosing your link sources.
From the perspective of "link juice," yes, the available PR is divided between 118 links and you're not getting as much "link juice" as you would from a page that only had 3 links, but this really doesn't matter that much.
What you need to establish is - does this link source has contextual relevancy and does it provide value. Are people likely to go to that page with 118 links and say "oh, this is a really good resource!" or is it just a common spammy reciprocal link page that nobody ever cares about?
Let me put it this way - if I have a site about Blue Widgets and I come across a webpage "The Definite Top 300 Blue Widget Resources and Tools" - I'd make getting a link from it my top priority!
[edited by: aakk9999 at 10:33 am (utc) on Jan 10, 2014] [edit reason] Poster's request [/edit]