Elwood covered it pretty well. If the fish were shallow and they started pulling the lake down i would pull out to the first drop off or channel just outside of the shallows. In the summer when they are pulling water i like main lake humps and drops, the current created seems to make the fish more active and they feed better.

I would use the same baits as Elwood. C-rig, HeavyT-rig with a 10" worm, Jigs, and Crankbaits