When I feel the bulk of a heavy fish (say 30 +) on, ie. it feels like moving a log through the water as opposed to pulling a limb through the water , I let the fish run and then just hold him there for a bit.Get some line back if you can but I just hold him and let him strain against the pressure,all this is tiring him out. I have confidence in my hook,and line...no need to rush...savor the moment as they don't come too often.Sure the old striper may make a good run but you probably still have plenty of line , stay calm and enjoy it! : Oh yeah..
AND DON'T LOSE HIM!