Did I fold too tight AQ on QJ8?

[ebaudry]

I was gonna raise the small stack's bet, but got cold feet when someone raised in front of me (on whom i had no read). Was my fold too tight?

***** Hand History for Game 2397897626 *****
NL Texas Hold'em $30 Buy-in + $3 Entry Fee Trny:14116142 Level:6 Blinds(100/200) - Thursday, July 21, 01:31:30 EDT 2005
Table Table 11037 (Real Money)
Seat 9 is the button
Total number of players : 5
Seat 10: oldfashion ( $605 )
Seat 9: HERO ( $2890 )
Seat 1: ijayjay ( $1880 )
Seat 8: Meas4 ( $2005 )
Seat 6: orsetto ( $620 )
Trny:14116142 Level:6
Blinds(100/200)
** Dealing down cards **
Dealt to HERO [ Qc Ah ]
orsetto calls [200].
Meas4 calls [200].
HERO calls [200].
oldfashion calls [100].
ijayjay checks.
** Dealing Flop ** [ 8s, Qs, Jh ]
oldfashion checks.
ijayjay checks.
orsetto bets [200].
Meas4 raises [500].
HERO folds.
oldfashion folds.
ijayjay folds.
orsetto is all-In [220]
** Dealing Turn ** [ 7h ]
** Dealing River ** [ 8c ]
Meas4 shows [ Ks, Qd ] two pairs, queens and eights.
orsetto shows [ Jc, Qh ] two pairs, queens and jacks.
Meas4 wins 80 chips from side pot #1 with two pairs, queens and eights.
orsetto wins 1840 chips from the main pot with two pairs, queens and jacks.