Parallel Port - Voltage / Current required for input pin
Why do you think this is not a good method?
This is the standard way to use an open drain/collector line. You would not want to put a low impedance "high" on the line as it could create a conflict if the other side is trying to pull the line down, which would effectively short your output to ground. Rather you just have the open collector, which cannot source current (only sink it)
The voltage is probably +5V (measure with a multimeter to confirm), so since your circuit is running at 3V this is another reason to avoid interfacing "directly". Similarly for signals going from PC to your circuit you will probably need to level shift (e.g. 5V -> 3V) to avoid problems. Or run your circuit from the same voltage.
Here is a half decent page on parallel ports which gives some details on the various signals and the technology used. I would spend a bit of time Googling/reading, as you will risk stressing or even damaging circuit/parallel port if you get it wrong.
What Oli says
Plus
The parallel port notionally uses TTL levels. The actual levels accepted my vary in modern implementations. Theoretically, if you are driving a pin which is set to input then the "high" level can be as low as 2 Volts.
If the pin you are driving is feinitely an input you should be able to drive it with a 555 directly (see below re voltages).
This '555 to parallel port interface appication seems to do exactly what you want. See circuit diagram below and do look at the above referenced page.
If you are using 2 x non rechargeable AA cells the available voltage will be about 3V max when the batteries are new and as little as under 2 Volts when the battery is almost dead. A circuit could be built which operates correctly on new batteries BUT this will get marginal as batteries are depleted.Driving the port directly with 2V is marginal at best.
Using a transistor as a "pull down" allows th port to float high when the transistor is off. Even if you only have 2V available the pin can float to whatever voltage is available from the port - say 5V. Expecting TTL pins to float high without a pullup is bad design practice but worked well with real TTL and was commonly done. Wity modern implementations in aCMOS master IC the pin MAY NOT float high properly without a pullup resistor. Finding a pin on the port which i ALWAYS high (nominally 5V) and connecting a say 10k resistor from there to the input pin may help.
You say you are using a "555". Is it also running from the same 2 batteries? Some 555's require about 4.5V minimum to operate whole others will operate on less than a volt. Check the spec sheet to be sure what voltage the device that you have will operate on.