How bad is this?

[lassie]

Omaha PL ($0.25/$0.50)

Table "Vintage" Seat 8 is the button.
Seat 5: moemoe ($72.85 in chips)
Seat 6: Hero ($69.70 in chips)
Seat 7: jimijimi ($25 in chips)
Seat 8: Villain ($40.60 in chips)
Seat 9: Spirit123 sits out
moemoe: posts small blind $0.25
Hero: posts big blind $0.50
jimijimi: posts big blind $0.50 + posts small blind $0.25

----- HOLE CARDS -----
dealt to Hero [T[img]/images/graemlins/diamond.gif[/img] Q[img]/images/graemlins/heart.gif[/img] Q[img]/images/graemlins/diamond.gif[/img] J[img]/images/graemlins/diamond.gif[/img]]
jimijimi: checks
Villain: raises to $2.50
moemoe: folds
Hero: raises to $8.50
jimijimi: folds
Villain: raises to $26.50

Villain is very very loose agressive. Therefore I was pretty sure that villain would raise the pot preflop in this hand because of the dead money, so I decided to reraise him this time, but oops, seems like he actually has a pretty good hand this time? What to do now?

Edit:
Should I just have called his raise preflop?
Is it okay to get all my money in the pot right now?
What if villain had called my raise pf and I miss the flop completely?

Im a big omaha noob. Hope you can help me out here.

[CallYNotRaise06]

id just call and see a flop. your probly not folding the flop unless it totally misses you.

[Pouncer]

Out of position, I would've just called the first raise and gone from there.

As played I would call the reraise and then push if I caught any piece of a dry flop. I'd have to hit the flop better if an ace or king fell.

In a multi-way pot with another player coming along I would push preflop. Heads up out of position I'd lean towards seeing a flop before committing.

[shpongled]

I don't like reraising with this hand, particularly out of position (in which case you almost never want to reraise unless you can get most of your money in). Kings and queens are dangerous hands to reraise with because a third raise often means you are crushed. In this hand, it's unlikely you're more than a 2-1 dog, and you probably have the correct implied odds to continue (even though you're out of position, your opponent is almost certainly going to bet the flop no matter what comes). So you can make a case for calling or folding.

[wheatrich]

yeah just call and see a flop but 99% of these very very loose raisers preflop will reraise if you raise them preflop so I really wouldn't even give him credit for anything. If you can outplay him postflop do so and then hope to not get sucked out on when he goes maniac with whatever he has. Position is irrelevant since they will do the same thing every time.