Help with the endish stages and being short stacked

[Graham C]

It's the last 32 of a 500 player mtt.  We're at the stage when it's all in or nothing.  I haven't had a hand for ages and haven't had the chance to get first in and this happens

PokerStars Game #5612563525: Tournament #28041079, 40FPP Hold'em No Limit - Level X (400/800) - 2006/07/19 - 17:39:49 (ET)
Table '28041079 58' 9-max Seat #8 is the button
Seat 1: Graham0573 (8380 in chips)
Seat 2: cedsud (19584 in chips)
Seat 3: sputnik247 (4689 in chips)
Seat 5: pokerravi (32176 in chips)
Seat 6: 23bobbyb (12589 in chips)
Seat 7: Emil77 (35179 in chips)
Seat 8: Markus_uk (14433 in chips)
Seat 9: runningriot9 (17630 in chips)
Graham0573: posts the ante 50
cedsud: posts the ante 50
sputnik247: posts the ante 50
pokerravi: posts the ante 50
23bobbyb: posts the ante 50
Emil77: posts the ante 50
Markus_uk: posts the ante 50
runningriot9: posts the ante 50
runningriot9: posts small blind 400
Graham0573: posts big blind 800
*** HOLE CARDS ***
Dealt to Graham0573 [  ]
cedsud: raises 800 to 1600
sputnik247: folds
pokerravi: folds
23bobbyb: raises 2400 to 4000
Emil77: folds
Markus_uk: raises 10383 to 14383 and is all-in
runningriot9: folds
Graham0573: folds
cedsud: calls 12783
23bobbyb: calls 8539 and is all-in

Would you have taken your chances and called?

[Royal Flush]

Hell no!

[Graham C]

Fair enough.  Sickeningly, I would have won the hand with two pair but I can see why I folded, I was just curious if I should have been calling, thanks. 

Actually, I was hoping you'd reply Flushy   I see you as one of the more aggressive players on the forum so it's good to see that you'd have folded.

Just making sure I'm on the right path

[Dewi_cool]

Chances are that with the betting you have just seen, you would have been dominated, Id rather go all in with 87o personally, and make sure you get your chips in first

[Royal Flush]

Dewi is spot on, you still have folding equity, look to get it in first to give yourself a chance of no showdown.

Rag aces are horrible in 3 way all ins, you often find yourself up against a bigger ace and a pair above your rag. It's hard to outdraw both of them!

If they had limped instead of raised i would be shipping it in all day long!