Sounds right to me... and then leads me to a follow-up question in a slightly more complicated example:
- Creature has face-down Reverse Magic and Enchantment Transfusion.
- If Seeking Dispel targets Reverse Magic, then I can reveal Enchantment Transfusion and do the following:
i. Move Reverse Magic onto another creature. This counters Seeking Dispel;
ii. Move Reverse Magic onto the same creature (the text says:"you may move any enchantments to one legal target creature"). Seeking Dispel's target moved and thus it won't resolve against Reverse Magic.
Since this all happens in the Counter Spell step, so can Reverse Magic then trigger and you now control Seeking Dispel?
*edit* Nevermind, ninja'd by Zuberi. Reverse Magic won't trigger against Seeking Dispel because it would need to move to another creature.
Hmm... If you moved it to another creature that also had Enchantment Transfusion, then moved it back with that second Transfusion, I guess you could then reveal Reverse Magic. But it seems like a poor use of Reverse Magic (not to mention 2x Enchantment Transfusion).
*edit again* Actually, I'm in outer space because Reverse Magic only triggers if the creature is targeted by an incantation or enchantment, but here it's the enchantment itself that is being targeted... so Reverse Magic isn't going to do anything, even if Seeking Dispel targeted a different enchantment on the same creature. So... forget everything I said.