Shepherd - 11:33 am on May 4, 2013 (gmt 0)
from the flag on your domain
It is my opinion that penguin is keyword specific, not so much a "domain" penalty in traditional thinking. We still rank very well for many keywords. However the main money terms, the ones that we did link building for, were hit specifically.
So, does penguin say:
1. example.com is not going to rank for "example" for (time period) no matter what, no matter if every pr9/10 website in the world links to them.
2. All those links built pointing to example.com with the anchor text "example" are crap and are no longer going to be counted.