I'm still trying to become competent at Stud/8, and as far as I can tell, I'm still failing. I caught a few lucky breaks and built up an above-average stack in last night's $10 tourney on Stars, but was then crippled by this hand. I got a bit unlucky to miss all the draws that I did, but I have a feeling that I misplayed it too. Any suggestions on how to change my strategy?

PokerStars Game #2356701608: Tournament #11248293, 7 Card Stud Hi/Lo Limit - Level VI (150/300) -
2005/08/17 - 00:39:41 (ET)
Table '11248293 25'
Seat 1: raddpm (1415 in chips)
Seat 2: Gregory06 (2769 in chips)
Seat 3: eclinchy (4958 in chips)
Seat 4: Tex873 (11771 in chips)
Seat 5: Mugerkis (3684 in chips)
Seat 6: PRINCESSLLF (1835 in chips)
Seat 7: Wyoming Bill (3611 in chips)
raddpm: posts the ante 25
Gregory06: posts the ante 25
eclinchy: posts the ante 25
Tex873: posts the ante 25
Mugerkis: posts the ante 25
PRINCESSLLF: posts the ante 25
Wyoming Bill: posts the ante 25
*** 3rd STREET ***
Dealt to raddpm []
Dealt to Gregory06 []
Dealt to eclinchy [ ]
Dealt to Tex873 []
Dealt to Mugerkis []
Dealt to PRINCESSLLF []
Dealt to Wyoming Bill []
Wyoming Bill: brings-in low 50
raddpm: calls 50
Gregory06: folds
eclinchy: raises 100 to 150
Tex873: calls 150
Mugerkis: raises 150 to 300
PRINCESSLLF: folds
Wyoming Bill: calls 250
raddpm: calls 250
eclinchy: raises 150 to 450
Tex873: calls 300
Mugerkis: raises 150 to 600
Betting is capped
Wyoming Bill: calls 300
raddpm: calls 300
eclinchy: calls 150
Tex873: calls 150
*** 4th STREET ***
Dealt to raddpm [] []
Dealt to eclinchy [ ] []
Dealt to Tex873 [] []
Dealt to Mugerkis [] []
Dealt to Wyoming Bill [] []
Tex873: checks
Mugerkis: bets 150
Wyoming Bill: calls 150
raddpm: calls 150
eclinchy: calls 150
Tex873: raises 150 to 300
Mugerkis: calls 150
Wyoming Bill: calls 150
raddpm: raises 150 to 450
eclinchy: calls 300
Tex873: raises 150 to 600
Betting is capped
Mugerkis: calls 300
Wyoming Bill: calls 300
raddpm: calls 150
eclinchy: calls 150
*** 5th STREET ***
Dealt to raddpm [ ] []
Dealt to eclinchy [ ] []
Dealt to Tex873 [ ] []
Dealt to Mugerkis [ ] []
Dealt to Wyoming Bill [ ] []
Mugerkis: bets 300
Wyoming Bill: raises 300 to 600
raddpm: calls 190 and is all-in
eclinchy: calls 600
Tex873: calls 600
Mugerkis: raises 300 to 900
Wyoming Bill: raises 300 to 1200
Betting is capped
eclinchy: calls 600
Tex873: calls 600
Mugerkis: calls 300
*** 6th STREET ***
Dealt to raddpm [ ] []
Dealt to eclinchy [ ] []
Dealt to Tex873 [ ] []
Dealt to Mugerkis [ ] []
Dealt to Wyoming Bill [ ] []
Mugerkis: bets 300
Wyoming Bill: raises 300 to 600
eclinchy: calls 600
Tex873: calls 600
Mugerkis: raises 300 to 900
Wyoming Bill: raises 286 to 1186 and is all-in
Betting is capped
eclinchy: calls 586
Tex873: calls 586
Mugerkis: calls 286
*** RIVER ***
Dealt to eclinchy [ ] []
Mugerkis: bets 73 and is all-in
eclinchy: calls 73
Tex873: raises 227 to 300
eclinchy: calls 227
*** SHOW DOWN ***
Tex873: shows [ ] (HI: a pair of Queens; LO: 7,6,4,3,A)
eclinchy: shows [ ] (HI: a pair of Aces)
eclinchy collected 227 from side pot-3
Tex873 collected 227 from side pot-3
Mugerkis: shows [ ] (HI: three of a kind, Jacks)
Mugerkis collected 110 from side pot-2
Tex873 collected 109 from side pot-2
Wyoming Bill: mucks hand
Mugerkis collected 4392 from side pot-1
Tex873 collected 4392 from side pot-1
raddpm: mucks hand
Wyoming Bill is sitting out
Mugerkis collected 3563 from main pot
Tex873 collected 3562 from main pot

To add to Beavis, it's clear that this is going to be very expensinve to draw and the odds that you're getting here while it's clear that no one's folding and every street's going to be very expensive, you're in a do or die situation when ytou entered the situation in "not so bad" of shape.

It's clear that everyone's playing hi hands, so that entices you to draw, but even if you didn't hit an Ace and I didn't see the results, it's clear on 4th St. that a pair of Aces won't do anything for you to win the hi end.

You're investing more than you will get in return and it only looks as you'll invest more by not folding. This is a very precarious situation that is definitely a fold in the "When you're broke, you're done" tournament theory.