It was an $11 tourney and I had been getting enough hands to stay afloat but not make a huge impact. Just gotten into the money and a few hands previous I had been up able to jump from 10k to 30k in chips. Then this hand came along....

***** Hand History for Game 4867986424 *****
0/0 Tourney Texas Hold'em Game Table (NL) (Tournament 26877972) - Thu Aug 03 13:57:06 EDT 2006
Table Regular(785819) Table 1 (Real Money) -- Seat 5 is the button
Total number of players : 9
Seat 1: ioc123 (155510)
Seat 2: Miyagidk (26449)
Seat 3: CAMELKILLER1 (70371)
Seat 4: squanjox (23072)
Seat 5: PhoenixWolf8 (27166)
Seat 6: Sirocko_ (77457)
Seat 7: cuppy23 (18712)
Seat 9: bobbyumd (24242)
Seat 10: henrikhp (94876)
ioc123 posts ante (50)
Miyagidk posts ante (50)
CAMELKILLER1 posts ante (50)
squanjox posts ante (50)
PhoenixWolf8 posts ante (50)
Sirocko_ posts ante (50)
cuppy23 posts ante (50)
bobbyumd posts ante (50)
henrikhp posts ante (50)
Sirocko_ posts small blind (800)
cuppy23 posts big blind (1600)

** Dealing down cards **
Dealt to PhoenixWolf8 [ Kd, Kc ]
bobbyumd folds.
henrikhp folds.
ioc123 folds.
Miyagidk folds.
CAMELKILLER1 calls (1600)
squanjox raises (7604) to 7604
PhoenixWolf8 raises (15000) to 15000
Sirocko_ folds.
cuppy23 folds.
CAMELKILLER1 raises (68721) to 70321
CAMELKILLER1 is all-In.
squanjox calls (15418)
squanjox is all-In.
PhoenixWolf8 calls (12116)
PhoenixWolf8 is all-In.

** Dealing Flop ** : [ As, 7c, Ad ]
** Dealing Turn ** : [ 8s ]
** Dealing River ** : [ 9d ]
** Summary **

Main Pot: 71916 | Side Pot 1: 8188 | Side Pot 2: 43205
Board: [ As 7c Ad 8s 9d ]

CAMELKILLER had ATs - Three of a kind.
Squanjox had AKo - Three of a kind.

Should I have just dumped the Kings? Squanjox had been going AI PF for a few hands and the general mood of the tourney was that if you had A/Kx it was good enough to risk your whole stack with. I figured that I was at worst up against a pair and suited connectors (Big stack had previously bet 10K just to push out everyone else to win 5K so I didn't see him really having much).

A terrible gamble or just unlucky that it ended up going as far as it did?