Was this fold correct?

[Bakified]

No real reads on any of the players involved as the tourney had just gotten going.

PokerStars No-Limit Hold'em Tourney, Big Blind is t30 (8 handed) converter

MP2 (t1470)
CO (t940)
Button (t2020)
SB (t1910)
Hero (t1410)
UTG (t1115)
UTG+1 (t2025)
MP1 (t2610)

Preflop: Hero is BB with 3[img]/images/graemlins/club.gif[/img], 2[img]/images/graemlins/club.gif[/img].
<font color="#666666">2 folds</font>, MP1 calls t30, MP2 calls t30, <font color="#666666">2 folds</font>, SB completes, Hero checks.

Flop: (t120) 3[img]/images/graemlins/diamond.gif[/img], 4[img]/images/graemlins/spade.gif[/img], 2[img]/images/graemlins/spade.gif[/img] <font color="#0000FF">(4 players)</font>
SB checks, <font color="#CC3333">Hero bets t120</font>, MP1 folds, MP2 calls t120, <font color="#CC3333">SB raises to t1880</font>, Hero folds, MP2 folds.

[DasLeben]

Buyin?

[Bakified]

Just a 5.50.