On Mon, 7 Nov 2005 09:27:39 -0500, "Bob Chilcoat"
wrote:

I have several that I store by keeping them stuck to a steel plate above the
lathe. This is a beam that supports the floor above my basement, and I just
turn the magnet on. Keeps the indicator out of the way and safe. I use
three other cheap Chinese ones (base only) as "feather boards" on my table
saw in my woodshop. These I keep stuck to the side of a steel cabinet near
the saw.

You might want to consider screwing a steel plate to the wall near your
machine tools just for sticking magnetic bases, if you don't already have
something suitable.
The fluorescent light over my lathe has enough magnets on the steel
reflector that it is tipped 1" off level.
Gerry :-)}
London, Canada