I had a strong feeling this guy missed the flop since he raised strong preflop. I was 99% certain it was just a [overly] large continuation bet to scare us out of the pot.

My main question is if this is a wise idea with the amount of people in the pot. (should i only risk it vs 1-2 opponents?) And was the raise too small/large?

PokerStars Game #4293433437: Hold'em No Limit ($0.01/$0.02) - 2006/03/15 - 01:00:04 (ET)
Table 'Euanthe IV' Seat #3 is the button
Seat 1: Zeblunt ($5.52 in chips)
Seat 2: azureXsmurF ($4.99 in chips)
Seat 3: RoyalPainter ($6.33 in chips)
Seat 4: southernmann ($1.20 in chips)
Seat 5: carterfamily ($11.27 in chips)
Seat 6: markatmsum ($3.53 in chips)
Seat 7: ïM $o LuCKy ($4.54 in chips)
Seat 8: gringobonk ($4.42 in chips)
Seat 9: skoolyrat ($1.84 in chips)
southernmann: posts small blind $0.01
carterfamily: posts big blind $0.02
*** HOLE CARDS ***
Dealt to azureXsmurF [Kc Qs]
markatmsum: calls $0.02
ïM $o LuCKy: folds
gringobonk: folds
skoolyrat: calls $0.02
Zeblunt: raises $0.08 to $0.10
azureXsmurF: calls $0.10
RoyalPainter: calls $0.10
southernmann: folds
markatmsum said, "what is your flop percentage royal?"
carterfamily: folds
markatmsum: calls $0.08
skoolyrat: calls $0.08
*** FLOP *** [9c 9s Td]
markatmsum: checks
skoolyrat: checks
Zeblunt: bets $0.40
azureXsmurF: raises $0.99 to $1.39
.....