I fished Panguitch Lake with my father on New Year's Day. Arrived around 11am and was the last to leave the lake at around 6pm. It was a very slow fishing day. Between the both of us, we had 4 strikes, 1 hookup, and 0 fish landed. The strikes and hookup were with powerbait-tipped, white/chartreuse jigs. Fish would not strike at waxworms. Spent 1/2 the time near the N.E. boatramp and the rest of the day off of the east shore/cliffs. We were finding fish where the total depth was around 30 ft. The fish were suspended at 16 - 25 ft. of water but there were no takers. We did not see a single fish caught by the 6 - 8 groups of fisherman within sight. Most people left hours before we did, as fishing was very slow. A biologist that came around doing a survey stated that the south shore fisherman were doing better catching some rainbows and cuts 50/50. The fishing was supposedly far faster last week. Maybe it was partly due to the high pressure (30.50+)??