Giving up on AA too soon? 10nl

[NoPantsPoker]

Ok, been reading FTR a while, going to start to improve my game and start to post some hands.

With this many people coming into the hand, and this wet of a flop, Is a continuation bet wise? Should I have called the flop bet? Is a fold here ok?

No solid reads on the table yet, have only been there a couple orbits.

Sorry about the format, it's not letting me post with the HH converter.

PokerStars No-Limit Hold'em, $0.10 BB (5 handed) - Poker-Stars
MP ($17.35)
Button ($7.95)
SB ($6.60)
BB ($11.65)
Hero (UTG) ($12.30)

Preflop: Hero is UTG with Ad, Ac
Hero bets $0.40, MP calls $0.40, Button calls $0.40, 1 fold, BB calls $0.30

Flop: ($1.65) Qc, 9d, 10c (4 players)
BB checks, Hero checks, MP bets $0.60, Button raises to $1.20, 1 fold, Hero folds,

[mixchange]

Just dump it. 4 way action on a co-ordinated board nobody is folding on

yes a continuation bet is wise
you WANT people to call

as played I fold button has two pair+

[Frank Grimes]

Folding was the right move, a lot of drawing hands are going to stay in even if you reraise.

[dtamburin]

I'm folding this also. Multiway pots make your Aces worth less.

[encantado_si]

I think I'd raise the first time... a continuation bet. but maybe I'd lose if botton raised...

[XTR1000]

you friends with ihatepantz on ipoker?

[gumbler888]

the flop was sick, after a bet and a raise before you, the correct move is to fold