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Flash Script - Cursor Trick 3: Cursor Tracking Effect
Download the sample files here.
1. Create a movieclip from any object. I used a circle.

2. Give the movieclip instance a name. Here I've used "circle1".
3. Create 3 keyframes as shown below:

4. In the first key frame, use the action:
startDrag ("str1", true);
5. In the second key frame apply the action:
count = count + 1;
if (count > 10)
{ count = 1 }
duplicateMovieClip ( "str1","str"&count, count );
6. In the third key frame, insert the action:
gotoAndPlay (2);
7. Bravo! You've made your own cool cursor tracking effect!