The following hand happened during a $150 buy in tourney on Fulltilt with 211
entrants.

We were just past the first break and I had been staying in or right around the top ten in chips, when this hand came up.

Blinds were around 50-100 and I was chip leader at table with 8K.

I was in the BB and get dealt AQ of clubs..not bad. Everyone mucks and the button raises 3X the blind. The little blind then goes all in for his remaining money making it a total of 1K to me to call. Given the situation I figured the button was just trying to buy and the little either probably had mid PP, Ace anything or potentially a "blackjack hand"two face cards. In any event I figured 1K of my stack with AQ is worth trying to knock him out, so I call.

The button then re raises for the rest of his chips another 4K. Now I figured he def. must have a big hand QQ, KK, or AA putting me well behind. If I call and don't hit either Ace (which could be dead) or any other draw it takes me down to 3K, which is not bad probably still right around the average chip stack but if I win the hand I go up to the chip leader in tourney. I decide to stay away from trying to draw out and fold. The cards flip and the button shows KK and the little blind 99. The kings hold and he knocks him out, however, had I chose to stay I would have spiked an ace on flop and won the hand and become chip leader in tourney.

Was my fold correct? Should I have called? Or maybe I should have taken thinking out of the equation and moved all in myself after the little blind.

Any thoughts on this?

I would have laid it down too. Its one thing the short stack raising all-in, but when the button does it too, you know your behind.

The old "but I would have won if Id stayed in" thing shouldnt come into play. The second you hit fold, your hand is dead. If you pay too much notice to this flop, like you appear to have done, then next time it may sway into making the call in a similar position, which you dont want to do.

Thanks for the input and yeah I guess I don't so much question my fold I am
just wondering if in that scenerio again...if I thought the button was just trying to buy pre flop perhaps I should have moved all in over little blind and get dealer out...if I happen to run into a monster so be it????

I think another benefit to folding was, since the button raised all-in, you were still going to get to see his and the SB's cards whether you called or not.

On the subject of forgetting your hand once its folded, I used to play with a guy who after folding a junk hand like 52 off, would wait until the hand was over and say "I had 52off I would have made two pair" and he did this EVERY DAMN HAND! used to drive me crazy.

He probably had you chase the rabbit everytime it folded around too. LOL
We have a few of those in our home games.

Thanks for the warm welcome and input. Seeing as you you quoted Sklasnky, I feel fairly confident asking you this question. What do you do when you are continually having great success on-line in the rings games
as far as the IRS is concerned? In the last 5 months I am up around 16K and nervous.