my friends are ripping me apart for this boat fold....

[Dommer]

Villain is 20/1/2 over about 100 hands, I just couldn't see him pushing the river with any other hand than aq or kk, and I had so little invested I just folded. I was betting weak hoping to get a draw to come along, maybe that was bad. Anyways, hes passive, he must think I have a Q, and he's overbetting hte pot huge on the river, so I fold. What do you guys think? If I made a bad fold where was my thought process wrong?

Party Poker No-Limit Hold'em, $ BB (9 handed) converter

CO ($104.15)
Button ($98.50)
SB ($264)
BB ($97.50)
UTG ($102.30)
UTG+1 ($135.70)
MP1 ($94.95)
MP2 ($60.90)
Hero ($132.45)

Preflop: Hero is MP3 with K[img]/images/graemlins/spade.gif[/img], Q[img]/images/graemlins/heart.gif[/img]. SB posts a blind of $0.50.
UTG calls $1, <font color="#666666">1 fold</font>, MP1 calls $1, MP2 calls $1, Hero calls $1, <font color="#666666">1 fold</font>, Button calls $1, SB (poster) completes, BB checks.

Flop: ($7) Q[img]/images/graemlins/spade.gif[/img], Q[img]/images/graemlins/diamond.gif[/img], K[img]/images/graemlins/diamond.gif[/img] <font color="#0000FF">(7 players)</font>
SB checks, BB checks, UTG checks, <font color="#CC3333">MP1 bets $3</font>, MP2 folds, <font color="#CC3333">Hero raises to $6</font>, Button folds, SB folds, BB folds, UTG folds, MP1 calls $3.

Turn: ($19) 6[img]/images/graemlins/heart.gif[/img] <font color="#0000FF">(2 players)</font>
<font color="#CC3333">MP1 bets $3</font>, <font color="#CC3333">Hero raises to $12</font>, MP1 calls $9.

River: ($43) A[img]/images/graemlins/club.gif[/img] <font color="#0000FF">(2 players)</font>
MP1 calls $75.95 (All-In), Hero folds.

Final Pot: $118.95

Results in white below: <font color="#FFFFFF">
MP1 doesn't show.
Outcome: MP1 wins $118.95. </font>