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was i right to fold?

edited November 2010 in The Poker Clinic
hi, i was playing in todays Tikays Deep stack and with the blinds only on 15/30  i was on the big blind, there were 2 folds from sikas and DOHHHHHHH, then phantom 66 raised to 120 followed by an immediate re raise from bar4004 to 210, i decided to call this hoping to see an 8 on the flop or low cards as i two red  8's ( this is because 2 hands previous the exact same raises happened and both phantom66 and bar404 had AK so i put them on similar hands and if a low flop comes out then i would like to think i am ahead) so i called the 210, so did phantom66, the flop come 5h 9c 5s , i decided to check, and so did phantom66, then bar404 raised the pot 645, we all had about 2100 to 2200 chips, and as it was the start of the tournament i didnt have any posotive reads on my opponents, so not knowing where i was i decided to fold, i thought someone could of hit the 9, or have an overpair, the only thing i wasnt worried about was the two 5s on the flop, phantom66 folded straight after me, was i right to make the fold this early in the tournament?

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