Everyone folding this?

[nh5150]

Only sat down at the table. This is my fourth hand. No reads whatsoever. Just wondering how you all would play
this. Is my reraise after the c/r just plain terrible?
Would you all just throw it away there and then?
All comments welcome.
Thanks. Neil.....
PokerStars No-Limit Hold'em, $0.50 BB (6 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

saw flop|<font color="#C00000">saw showdown</font>

BB ($17.50)
<font color="#C00000">UTG ($44.45)</font>
MP ($58.20)
<font color="#C00000">Hero ($48)</font>
Button ($17.20)
SB ($36.90)

Preflop: Hero is CO with A[img]/images/graemlins/spade.gif[/img], A[img]/images/graemlins/heart.gif[/img].
<font color="#CC3333">UTG raises to $2</font>, <font color="#666666">1 fold</font>, <font color="#CC3333">Hero raises to $4.5</font>, <font color="#666666">3 folds</font>, UTG calls $2.50.

Flop: ($9.75) 8[img]/images/graemlins/spade.gif[/img], 6[img]/images/graemlins/heart.gif[/img], K[img]/images/graemlins/heart.gif[/img] <font color="#0000FF">(2 players)</font>
UTG checks, <font color="#CC3333">Hero bets $7</font>, <font color="#CC3333">UTG raises to $15</font>, <font color="#CC3333">Hero raises to $23</font>, <font color="#CC3333">UTG raises to $39.95</font>, Hero calls $16.95.

Turn: ($89.65) 4[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(2 players)</font>

River: ($89.65) 3[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(2 players)</font>

Final Pot: $89.65