IMO, I fold here
There is a better than average chance that he is just stealing, however its going to cost you all of your chips to find out.
In addition you (assuming no domination) are at best a 60/40 favorite -- and you will almost definately be called with anything outside of a pure trash -- and there always lies the chance he actually has a legit hand (which in this case he did)
When down to this situation, I really like the First In Rule -- being the first in the pot is more important than your cards. I think once the blinds are this high, you stand to make a lot more money by simply blind stealing (as people will be reluctant to call w/o huge hands -- and chances are you wont run into one of them that often -- , especially when you can still severly damage their stack/take them out) then by taking a chance at a double up here, where you are at best 60/40.
This may be a little tight, but Id fold everything below AQ, or anything lower than 99 in that spot, assuming I still had a stack that was capable of playing, if I needed to double up and take chances Id call with slightly more -- but I still like being the first one in, that way you have two ways to win, take down the blinds/antes or have your hand hold up -- here you only have one
Being the first in Id throw in a steal with hands as weak as mid 1 gap suited connectors, high connectors, any pair, Axs, two paint cards, and half the time with two rags. If I can net one set of blinds per orbit thats the goal in my stacks situation -- and hopefully somewhere along the line find a monster when someone tries it on me.
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