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Thanks for the answer. I seem to be only being penalized for these anchor text I am using in my searches. Some of my other searches I am still number 1 or 2-3. They seem to be targeting the keywords I used the most in anchor text. I only dropped about 10 spots in these searches .

I will try to go back through my link profile and fix the changes I made and hope this fixes the issue. Thanks for the answer.I hope it doesn't hurt me to change them again but I am going to go back to what I had them as with just my url or site name.

Live and learn.

www.new1000ad.com

Didn't want to come off as spamming

In February I had an Seo audit done on my site. I got advice that my link profile at the time was very strong and natural. They gave me some advice that I could improve my anchor text of my links with a much more friendly keyword anchor text. Example I have game site and instead of using the name of my site I was told to change this to Strategy war games or Online war game etc.  I went through my google link profile and messaged several webmasters and had my anchors changed to this. I also changed a lot of my links to this more keyword rich anchors.

May 22nd I had a drop in rankings of about 10 spots across the board and google traffic came to a trickle. I can only assume these two go hand in hand. Should I go back and change my links to my website name and stay away from that keyword rich anchor texts ? Can I fix this ? I am almost 100% positive this is  a Penguin penalty since I looked at my analytics and it is obvious after May 22nd something changed.

Can I fix this ?