the blue one will have a transparent background on HC.  The other is pretty fuzzy, I could probably tweak it if you really cared about it, but I have another conference call in a moment. 
 
You don't need a lasso to do this one, imo. 
To really do it right, it could be converted to vector in Illustrator first, but I'm half-assing it the way I do everything in life. 
 
edit: Also, the red I used was from one of the CD images in your link.