Following through on a bad board

[BellyBuster7]

Party Poker 0.5/1 Hold'em (8 handed) converter (http://www.selachian.com/tools/bisonconverter/hhconverter.cgi)

Preflop: Hero is Button with T/images/graemlins/heart.gif, A/images/graemlins/club.gif.
UTG calls, <font color="#666666">2 folds</font>, MP2 calls, <font color="#666666">1 fold</font>, <font color="#CC3333">Hero raises</font>, SB calls, <font color="#666666">1 fold</font>, UTG calls, MP2 calls.

Flop: (9 SB) K/images/graemlins/heart.gif, K/images/graemlins/club.gif, 3/images/graemlins/diamond.gif <font color="#0000FF">(4 players)</font>
SB checks, <font color="#CC3333">UTG bets</font>, MP2 folds, Hero ???

This is a situation I've had a few times lately. I make a PFR and get a couple callers. Then, the flop goes something like this, and I either raise to see where I'm at, or fold, but I'm having a hard time knowing when to make which play. How would you guys play this one out?

[Kasumeat]

Folds.

Edit: There's not really any reason to stay around here. You have a weak ace, and you're almost drawing dead to a king already. Raising here is horrible IMO.

I also fold preflop, but I don't think that's common.

[BellyBuster7]

I agree that folding is probably the move to make, but UTG was pretty LAG, so I didn't necessarily put him on a King. I'd never fold AT from the Button, that's an auto-raise for me.

[shadow29]

No. Fold this flop like every time.

PF is fine, I think.

[Kasumeat]

Oops, thought you were MP1 somehow. /images/graemlins/crazy.gif

Yeah, I'm raising here preflop.