---- Trying to Pinpoint Cause of Penalty, My Findings
tedster - 11:54 am on Jul 19, 2011 (gmt 0)
i believe you have been hit by panda
It's certainly possible that Panda has devalued the rankings - but there is also the matter of direct messages from Google saying that the site still violates some guidelines. So even if Panda is in the rankings picture, there does appear to be a penalty applied that goes beyond a normal Panda re-ranking.