Around 7:30 PM,I returned home from a local store. I looked up at the mountain top when I saw what I can only call a keyhole shaped glowing bright red light rise over the mountain top.I called my husband who immediately came out and saw this,he in turn called our neighbor whom the light would have been directly over his house,he saw it also.We watched as it slowly moved across the sky,loosing the glow,but maintaining the red color,as it moved higher into sky-the light slowly turned white,and grew smaller..it flashed once..then again,and was gone.All of this occurred in a 5-8 minute time frame.Around 30-45 minutes or so later,in the same area.I saw what appeared to be a star (NO flashing) it moved slowly to the right,then back left, then slowly began an upward path,I again called to my husband who came out with me,he witnessed this too,I watched until it flew out of sight.Planes were heavy in the area after the last incident..some were even in a triangle pattern.I have to say I thought the red UFO was a comet with no tail,in size it was at least 30 feet if not more..