With three limpers in front of you, and the tendency of micros players to be reluctant to fold once they have put anything in the pot, I would have raised to 0.14. You need to thin the herd.
BlackRain79 recommends even bigger here:
http://www.pokerlistings.com/how-to-beat-poker-s-microstakes-pre-flop-strategy-pt-1
As played, after the call and raise they may have T
x, 2
x, flush draws, or an overpair on the flop.
The good news is that against that range you have 40%
equity.
The bad news is that because of the raise, we should weigh their ranges towards 2
x or TT.
The raise comes after a bet and a call, so it wouldn't be an ideal spot for a semi-bluff with a flush draw. But we can't rule it out, especially at the micros where people sometimes
bluff when they shouldn't.
I'd ponder folding here, but I'd call CO's raise and play cautiously on the turn and river.
I recommend against posting the outcome of
hands until you have gotten some feedback. Thanks for sharing the hand.