My Backlinks droped form 3500 links to 700 in few days

[hareedy]

I know it's strange but this what happened : i had like to 3500 Backlinks from 600 different domains and in one week it droped to 700 backlinks from 260 Domains .. I believe these huge backlinks was there for just 6 or 7 weeks from directory submissions where i was nearly in all the directories sidebar as a new link ..

Now my ranking droped from 1st position for more than 6 keywords( for more than a year ) .. to the 5th and 6th page where its just jumbing in the different positions for more than 10 days now and this for all Keywords ..

and my question is it a google dance cause i used to has a good ranking with this few number of links and this huge number was there for just 6 weeks .. or shall i go wild to come back to this number of backlinks again ..

[AdoptionHelp]

There is data out there that suggests Google updates rankings for less competitive keywords less often. So even though your backlinks may have disappeared a long time ago, its possible your position in the SERPs is only now being adjusted. Its also possible that you or sites linking to you were hit by the panda update.

In terms of what to do about it, I wouldn't advise going "wild" with backlinks, like you say above. Use some of the strategies you can find here on SEOmoz to develop quality backlinks and a good user experience.