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in your on(press) handler start a loop (onEnterFrame or setInterval) and repeatedly assign your textfield's text property to be the red circles _x and _y properties. in your on(release) handler terminate that loop.
I dont suppose you could show me how to create the loop? My own research seems to indicate the onEnterFrame method would be easiest.
I am just a beginner and even this is still beyond me.
Thank you for your help. Your solution is exactly what I needed.