I know this is + Chip EV, but it's still a bad play, right?

[ilya]

***** Hand History for Game 1017446816 *****
100/200 TourneyTexasHTGameTable (NL) (Tournament 6256568) - Sun Oct 03 16:39:29 EDT 2004
Table Table 11565 (Real Money) -- Seat 1 is the button
Total number of players : 7
Seat 1: acdrexel (770)
Seat 2: mrzarembsky (1320)
Seat 4: jmart150 (1520)
Seat 7: bensnaps (585)
Seat 8: golfer70 (1560)
Seat 9: beppoyapp (1800)
Seat 10: GerpinoGmblr (445)
mrzarembsky posts small blind (50)
jmart150 posts big blind (100)
** Dealing down cards **
Dealt to mrzarembsky [ Jd, Ah ]
bensnaps folds.
golfer70 folds.
beppoyapp folds.
GerpinoGmblr folds.
acdrexel folds.
mrzarembsky raises (1270) to 1320
mrzarembsky is all-In.