Like Dennis said, reel sloooowly with the rod tip at 11 o'clock high, then drop the tip low and 'bow to the cow' after you feel the bump - I reel like mad on the upstroke of the rod to take out the slack, but then I'm using mono with the rocks around here.
No problems with a bail-less 704 - but as far as drag goes, set it and forget it - the last thing you want to do is be fiddling with your drag and overtighten in the middle of a fight -
I oughta know - I lost my PB that way a long time ago...
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