J/10 suited UTG

[JohnnyRaise]

Im playing in a 1/2 home game and im sitting on 90 dollars in chips.. I built up the rep as being a pretty tight player but it was basically because I hadnt seen many playable hands. I picked up J/10 of spades under the gun and made a standard raise of 8 to go. The player immediately behind me doubled the 8 and made it 16 to go.. one more player called and it was back on me. I called getting 3-1 on my money figuring they still figured me for a pretty strong hand.

The pot was now 48 dollars and the flop came 9,8,4.. one spade.. I checked first to go to see what kind of action followed and the next guy to act bet 10 bucks, which was one 1/5 of the pot, and the other guy raised 30 more and made it 40 to go. Sitting on 75 in chips I didnt figure a re-raise would have gotten either of them off of their hands and i was only getting about 2.5-1 on my money. I laid it down.

Was the right play to fire about how the pot first to go off the flop and try to take it down right there? Or was I right to sit back and see how much action followed and calculate my odds..?