Yes I invest in the stock market and have been doing so since I was 11 years old.

When buying penny stocks, like any other security investment, you never invest 100% of you investing capital. Penny stocks are fun to trade, but you should never count on them to be considered part of your primary investment objectives.

There are no "good" stocks selling at or below $.10 a share.

They say when you buy securities you have a 50%-50% chance of making money, when you buy penny stocks you have a 50-50-90% chance, 50-50 chance of making money and a 90% chance of loosing money.

However, here are some web sites that you will find helpful
http://www.smallcapinvestor.com/
http://www.stockwire.com/
http://alphaking.com/
http://www.otcstockexchange.com/
http://www.mcapstocks.com/Default.asp
http://www.pinksheets.com/pink/quote/index.jsp
http://ragingbull.quote.com/cgi-bin/static.cgi/a=index.txt&d=mainpages
http://www.swingtrades.com/

good luck, remember a fool and there money are soon parted.
I invest in the stock market, but do not gamble. I think buying a stock without any regard for its business and other fundamentals, and hoping that it will go up is gambling.
Yes I do and I can tell you that the second part of your question is an oxymoron. If a stock was "good" it would not be priced at 10 cents or below. ONLY junk stock is priced that low.
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Cheers!