The end of the world economyThe unexpected market plunge on Thursday took many companies with it. Some of them had a reason to fall, others just seem to be the victims of a bad market direction. The market moved down for the second day in a row after the auto industry failed to obtain immediate relief.

Of course, penny stocks took the largest hit. Some stocks declined by up to 45% in just one day. Although all of them showed some signs of recovery in pre-market trading, the increases in price remain miniscule compared to the drop.

Helix Energy Solutions Group Inc. (NYSE: HLX, HLX message board) stock lost 43.4% or $3.30 per share. The company even commented on the drop and called it unseen and unprecedented. The company's representatives assured the market that Helix is in a position to restore oil and gas production, complete capital projects, raise capital and reduce debt.

Following up, Brigham Exploration Company (NASDAQ: BEXP) dropped 31.3% to $2.68. The company's management remained silent, although no particular reason for a drop can be seen here as well.

Quicksilver Resources Inc (NYSE: KWK) lost 30.7% during the dive. The company has however announced its capital budget for 2009. The announcement made after trading hours might be the company's attempt at restoring investor confidence in the doubtfully performing stock.

Finally, James River Coal Company (NASDAQ: JRCC) lost 30.5% of its stock value. The company recovered almost half of it today in pre-market trading. As in other cases the drop was mostly related to the overall market move.

What can be noticed about all these stocks, they have been on a downtrend roughly since the end of June. While some might believe these companies will recover, I would say you should take your money out of these losers before they sink further. In my opinion none of these stock will recover even from this one day drop, not to mention the return to two digit prices they had half a year ago.