Google Panda and Website Speed

Google Panda update has been the talk of the town these days, I wish to share some tips which I experimented and
succeeded. Many Webmaster's perceive off page SEO is the best way to rank the website, I don't disagree with them
but some very vital thing to consider is off page SEO is the best way but also website speed too plays a vital role in
search engine rankings. According to new Google Panda update all websites should be less than 500 kb (which is recommended). I am sure guys this would work wonders. Hurry up Gzip your website and rank fast.