i guess you can just clear the whole form.
(Event mouse move)
Clear all (xx.Clear(color) if not wrong..)
Draw new circle
Code:
Private Sub Form1_MouseMove(ByVal sender As Object, ByVal e As System.Windows.Forms.MouseEventArgs) Handles Me.MouseMove
Dim myGraphics As Graphics
myGraphics = Graphics.FromHwnd(ActiveForm().Handle)
myGraphics.Clear(Color.Green)
myGraphics.DrawEllipse(pen:=New Pen(Color.Green), _
rect:=New Rectangle(x:=(e.X - 35), y:=(e.Y - 35), Width:=70, Height:=70))
myGraphics.Dispose()
End Sub
like this or so.. not quite sure since i dont code in Vb.