penalized site question

hi, bhw

i have this site where i made the noob mistake of building exact match anchor text to a particular page to rank it and got slapped by penguin. it did manage to rank top 50 for a while, though. med-high comp.

anyway so that was like 3 months ago. since the site is sort of an authority site, i've made doubly sure not to repeat the same mistakes with the other pages. only that page was slapped. i managed to rank 3-4 other pages since the slap.

i'm wondering a few things now:
1 - is it possible to get the page out of penalty by diluting the anchor text?
2 - what if i diluted the anchor text on the homepage url? would it count as dilution in the page as well? or do i have to dilute the page anchor text? i don't have vps or software, so i always rank using services. as such, i'm usually on a tight budget.
3 - if none of the above work, has anyone had any experience using 301s to remove a penalty from a page instead of the whole website? i see a lot of posts reporting on how the 301 acts as a link juice 'filter' of sorts. has anyone tried it?

1. Yes, it is. 2 options - deleting some of the existing links to balance that or start building more to dilute it.
2. Not really. It has to do with your on-page as well in terms of keyword density, so these are 2 different things pretty much. Also, each page should be treated individually if you're looking to rank it of course.
3. 301 has not much to do with Panda and you won't need that. Your issue is not that hard to fix so just work to fix what you already know. If you're sure it's Panda, of course.

Resolution10 said:

1. Yes, it is. 2 options - deleting some of the existing links to balance that or start building more to dilute it.
2. Not really. It has to do with your on-page as well in terms of keyword density, so these are 2 different things pretty much. Also, each page should be treated individually if you're looking to rank it of course.
3. 301 has not much to do with Panda and you won't need that. Your issue is not that hard to fix so just work to fix what you already know. If you're sure it's Panda, of course.

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thanks for the input. btw i dont think it's panda. as i stated i think it's penguin. that's why i brought up the 301. i had almost 100% exact match anchors. i'm pretty sure that's penguin.

so does the 301 work to filter penguin penalty?

Have you ever wondered why authority sites don't move an inch despite the truckload of bad links on them?

1. They are authority, make your site an authority.
2. Build quality links and see what happens, unfortunately a lot of
people don't have the resources and skills to do this.
3. Cleaning up your profile is also a good option.