Why your Google rankings drop and what you can do about it
1. You lose the fresh content bonus.
2. Your internal link structure changes.
3. The link structure on sites that are linking to you changes.
4. Duplicate [i.e., stolen] content.
5. Your site becomes stale.
Actually optimization is a continues process that's why you don't have to stop optimizing your site,...any ways look new guidelines or updates on Google.com
You can also include "page jacking". If you are unlucky that your website got hi-jacked by hackers, the rankings can go to their website instead of yours, thus, rendering all of your efforts to rank your site useless until you solved the case.
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