747 Freight Pilot
Join Date: Aug 2008
Location: Ohio, USA
Bikes: Rivendell, Bike-Friday Pocket-Rocket and one home made fixed gear
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I had one of those once upon a time too. Had the same problem too. I got mine adjusted, then placed a drop of glue into the ball joint. Problem solved.
When you get ready to replace it, look at some of the models made by locals out of wheel spokes and bits and pieces of glass. Not only are they works of art, but once adjusted, they will not go out of adjustment. I wish I could give you a name, but almost all corners of the USA has at least one person making these mirrors, just ask around. I will try to look up the name of the fellow here in Ohio.