Folding QQ to PF reraise

[Cardinal991]

Is this a poor play w/ QQ in MP?

Party Poker No-Limit Hold'em, $ BB (10 handed) http://216.119.70.224/converter/hhconverter.pl

Hero ($74.05)
Button ($57.75)
SB ($59.16)
BB ($12.50)
UTG ($46.75)
UTG+1 ($54.70)
UTG+2 ($80)
MP1 ($48.70)
MP2 :#A500AF(Villain)/ ($77.05)
MP3 ($59.63)

Preflop: Hero is CO with Q[img]/images/graemlins/spade.gif[/img], Q[img]/images/graemlins/diamond.gif[/img]. SB posts a blind of $0.25.
UTG calls $0.50, <font color="#666666">3 folds</font>, <font color="#CC3333">MP2 :#A500AF(Villain)/ raises to $2</font>, MP3 calls $2, <font color="#CC3333">Hero raises to $8</font>, <font color="#666666">3 folds</font>, UTG folds, <font color="#CC3333">MP2 :#A500AF(Villain)/ raises to $20</font>, MP3 folds, Hero folds.

Final Pot: $31.25