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You couls go with a new Okuma. They are not a higher end reel like the Shimano or Penn but are pretty good for the money. They don't always handle a hammering of fish though. I've heard of them faltering under big blitzes that will kill most cheaper reels and some more expensive ones too.
Another thing to consider is picking up a used Penn 6500SS. You couls probably find one in that range used.
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