All this time, I thought that the enemy will always attack the ship with the fleet module first and ignore all other ships around it even though those might me the deadlier ones.
Last night, it turns out the enemy is much more smarter than that.
In this picture, the unshielded fighter got blown up first rather than the shielded flagship that has a fleet warp bubble.
Now how does all of the fleet warp bubble fit into the targeting equations?
http://img24.imageshack.us/img24/1904/gc2tanewvisions13107831.png