[Roadstar]

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Really? I would think a CO raise could be quite a few hands. Now if it were UTG raising, yeah.

I'm leaning more towards 3 betting preflop, than folding. Might get EP to fold and see a 4 card flop.

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That may be true if CO were open raising (folded to him). However, MP2 already limped before him, making a steal less likely. Clear fold preflop (unless its a 6 max table)