1st hand Stars 20+2, TT. Standard fold?

[Neuge]

Critique pre-flop play too please.

PokerStars No-Limit Hold'em Tourney, Big Blind is t20 (9 handed) Hand History Converter Tool from FlopTurnRiver.com (Format: 2+2 Forums)

Hero (t1500)
SB (t1500)
BB (t1500)
UTG (t1500)
UTG+1 (t1500)
MP1 (t1500)
MP2 (t1500)
MP3 (t1500)
CO (t1500)

Preflop: Hero is Button with T[img]/images/graemlins/heart.gif[/img], T[img]/images/graemlins/club.gif[/img].
UTG calls t20, <font color="#666666">5 folds</font>, <font color="#CC3333">Hero raises to t80</font>, <font color="#CC3333">SB raises to t140</font>, <font color="#666666">1 fold</font>, UTG folds, Hero calls t60.

Flop: (t320) 5[img]/images/graemlins/diamond.gif[/img], A[img]/images/graemlins/diamond.gif[/img], 3[img]/images/graemlins/heart.gif[/img] <font color="#0000FF">(2 players)</font>
<font color="#CC3333">SB bets t240</font>, Hero folds.

Final Pot: t560