I want an all purpose rod and I was wandering if this one could be it. I know it can throw jigs and stuff but can it throw reaction type lures? The one I'm looking at is a casting 7" MH , fast action , micro guide.

Yes it can throw reaction lures, but a medium fast or medium action rod is usually better for them.

you talking about casting or spinning?  What power rating and action is the rod you're looking at?  Rod Length?  Some details on what you're looking at will help you get some more detailed responses.

Pretty hard to say just by the series. They make multiple models in that series and each is meant for different things. Get back to us with the specifics