Well, if you made a movie clip within a movie clip, then you
could move the inner clip to a new position relative to the pivot
point of the outer clip, and then rotate the outer clip.
Yes,
Two ways.
First, create a movieclip with registration point to
center(Depending where you want it) and instead of doing
createEmptyMovieClip do attachMovie..
the other way is popular way that I haven't implement before
which is creating a dynamic circle movieclip like a container and
rotate the container instead of your movieclip.