Draggable and Resizable Movie Clip

Ned, thanks for the reply.

I guess I forgot to mention the placement/layers of movieclips.

I've only one keyframe with 4 layers. Topmost is where all action code is written.

Navigation buttons (Left/right) are placed on second - these are movie clips.

Third is Mask. There's no movie clip - just shape.

Last is where timeline_mc is placed.

I call a function from Javascript to create Event_mc on to timeline_mc.

On RollOver of Event_mc, the Tooltip_mc & Dragger_mc created on _root

here is this code:

//this gets called for each dynamic Event_mc created (passed as tagTarget)
function setToolTipAndDragger(tagTarget:MovieClip, id:String):Void
{
    //Handle the rollOver event
    tagTarget.onRollOver = function() {
        trace("tagTarget.onRollOver");
        tagTarget.useHandCursor = false; //disable hand cursor
        
        //add dragger
        myDragger = _root.createEmptyMovieClip("myDragger", 12);
        //attach the Dragger from the library
        myDragger.attachMovie("Dragger", "Dragger", myDragger._parent.getNextHighestDepth());
        var dObj = getDraggerXY(id);//get correct X,Y each time
        myDragger._x = dObj.x;
        myDragger._y = dObj.y;        
        
        //create a movieclip to hold the tooltip MC
        myTip= _root.createEmptyMovieClip("myTip", 10);
        //attach the tooltip MC from the library
        myTip.attachMovie("toolTip_MC", "toolTip_MC", 10);
        var obj = getTooltipXY(id);//get correct X,Y each time
        myTip._x = obj.x;
        myTip._y = obj.y;
        //position the tooltip and dragger on mouse move
        myTip.onMouseMove = function() {
            var obj = getTooltipXY(id);
            myTip._x = obj.x;
            myTip._y = obj.y;            
            
            var dObj = getDraggerXY(id);
            myDragger._x = dObj.x;
            myDragger._y = dObj.y;        
        }
        beingResized = false;
        resizingId = id;
        trace("resizingId set: " + resizingId);
        myDragger.onMouseDown = startResizing;
        myDragger.onMouseUp = stopResizing;        
        myDragger.onEnterFrame = checkAndResize;
    }
    //remove the tool tip
    tagTarget.onRollOut = function() {
        trace("tagTarget.onRollOut");
        delete myTip.onMouseMove;
        removeMovieClip(myTip);
        delete myDragger.onMouseDown;
        delete myDragger.onMouseUp;        
        removeMovieClip(myDragger);
        beingResized = false;
        resizingId = "";
    }
}
function startResizing() {
     if (this.hitTest(_xmouse,_ymouse)) {
          var resizingEvent:MovieClip = mc_timeline[EVENT_PREFIX + resizingId];
          resizingEvent.swapDepths(resizingEvent._parent.getNextHighestDepth());
          trace("resize start: " + this._x + " , " + resizingId + ", " + resizingEvent._x);
          beingResized = true;
          delete resizingEvent.onPress;
                //allow dragging the dragger only in horiztly
          this.startDrag("false",resizingEvent._x,this._y,Math.min(btnRight._x, TIMELINE_LENGTH),this._y);
     }
}
function checkAndResize() 
{
     if(beingResized) 
     {
                //Am still on my way to write this code
               mc_timeline[EVENT_PREFIX + resizingId]._width += 1;
     }
}

function stopResizing() {
     if(beingResized) {
          this.stopDrag();
          trace("resize stop");     
     }
     mc_timeline[EVENT_PREFIX + resizingId].onPress = startDragging;//not shown here...
     beingResized = false;
     resizingId = "";
}

the problem with above code is "sometimes" the startResizing function doesnt get resizingId & in turn resizingEvent, intermittently (mostly observed when, the Event_Mc is dragged and dropped and then tried to resize)

I am sure all this bunch can be re-written in a lean-n-thin way, but considering my first stint with Flash+AS, for only last 3-4 days, picking 'ideas' from forums, expecting experts to guide me with this.

All suggestions, ideas are welcome!