For the record, I don't think there is a right and a wrong play here. You can make a case for either folding or pushing.... or even calling. This situation is more about personal preference than right or wrong.
I would have pushed, but I wouldn't fault someone for a second for folding here if they explained why they were folding, which Penguin has done.
In the Main Event of the WSOP, if we're down to the bubble and there is a $20k or so difference between being knocked out next ($0) and folding for a few hands and waiting for someone else to be knocked out.... you can bet your ass it's going to be hard for me to play any hand against a bigger stack, even AA. I'd like to think I would push my chips in, but when it comes down to it, I don't know that I would. I'm pretty sure I would, but like I said, I don't know...
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