The Kuel H10 Series Stylus might just be the stylus you've been looking for, and at a cheap price. This pen is made out of brass and silicone to keep the weight light, but also very durable. The H10 extends so that it can rest on your hand while you hold it with your fingers and to keep a compact design. It comes with a "leash" that goes right into your headphone jack so that you won't loose it or have to look around for it in your pockets. You can check out the Kuel H10 at the SGP for $12.99.
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SGP Stylus Pen Kuel H10 Series - ETC Accessories