Squeeze play = complete spew? 50NL

For some reason I had a shot at 50NL the other day. I'm serioiusly underolled as I only have a $750 br, but I mostly play $11 SnGs which I'm overolled for so it's no biggy.

I know you shouldn't be a bluffy laggy maniac just cos it's -max, this may look like spew but I think it may be +EV, feel free to tell me it's spew as long as you think about it ;)

BeJIoKoHb has raised 5/6 when folded to him in the BB. Stats 26/18/3 over 100 hands. Morten is 40/5/0.7 over 30.

Seat 2: OwnedByDev ( $64.49 USD )
Seat 3: Rosemarie18 ( $146.91 USD )
Seat 4: stoney_mahon ( $49.27 USD )
Seat 5: BeJIoKoHb ( $46.81 USD )
Seat 6: Morten883 ( $32.57 USD )
Seat 1: badgers_uk ( $44.31 USD )
Morten883 posts small blind [$0.25 USD].
badgers_uk posts big blind [$0.50 USD].

** Dealing down cards **

Dealt to badgers_uk [ 4h Jh ]

3 folds.

BeJIoKoHb raises [$1.50 USD]
Morten883 calls [$1.25 USD]
badgers_uk raises [$5.50 USD]

I could put them on extremely wide ranges, yet narrow ranges to call my 3bet(I had seen SB limp and fold to raises previously). I thought I could do this with ATC profitably. Risking $5.50 to win $3.50.

Thoughts?

Depends what you do after the flop IMO.

probably is profitable. but better to do it with a nicer hand. like 87s.

and you're not seriously underrolled for $50NL. just a bit underrolled