I spend a lot of time writing on forums like this and I do a lot or reading too. So I needed a sturdy iPad holder that could be easily readjusted depending on what I do with it.
I bought a microphone boom stand. Unfortunately this one is a little cheapish and not quite sturdy enough so I had to add a 5 pound counterweight to offset the iPad's heft and that of the supporting panel.
That panel is cut from half inch MDF covered in black self adhesive felt material. So are the rails that maintain the pad. I affixed it to the boom with a speaker wall mount bracket.
Total cost of project, 80$.
I plan on many hours of use so I got an Ipad power supply especially for that station.
It's the perfect place to fall asleep reading without fear of dropping the little treasure...