Do I suck or no?

[gergery]

I have been shortstacking the whole time at the table, and playing pretty tight. Villain has been 30/15 or so and we've been here 4 orbits maybe. I'll often fold to the raise preflop, but here i didn't.

$5/$10 Pot Limit Omaha Hi
5 players
Converted at weaktight.com

Stacks:
Hero (<font color="#0000cc">$469.00</font>)
CO (<font color="#0000cc">$1022.00</font>)
BTN (<font color="#0000cc">$1200</font>)
SB (<font color="#0000cc">$1348.25</font>)
BB (<font color="#0000cc">$634.75</font>)

Pre-flop: ($15, 5 players) Hero is UTG 2[img]/images/graemlins/club.gif[/img] A[img]/images/graemlins/spade.gif[/img] 7[img]/images/graemlins/spade.gif[/img] 6[img]/images/graemlins/club.gif[/img]
<font color="#cc0000">Hero raises to $35</font>, <font color="#cc0000">CO raises to $120</font>, <font color="#777777">3 folds</font>, Hero calls $85

Flop: 5[img]/images/graemlins/diamond.gif[/img] 7[img]/images/graemlins/club.gif[/img] 4[img]/images/graemlins/diamond.gif[/img] ($255, 2 players)
Hero checks, <font color="#cc0000">CO bets $210</font>, <font color="#cc0000">Hero goes all-in $349</font>, CO calls $139

I think I played this bad, but what do you do different?