Red oval object flying over Panama sky at 1:40am on 1/1/06Right after new year's arrived 1:40am. A red oval light crossed the sky, thought it was an airplane, but it was moving slower and it was all red, an actual airplane was crossing by not far from the same object and it had blue/white (normal airplane lights) and was moving fast. The red oval object was moving horizontally really really slow, suddenly stopped (we could say) in front of us and stayed that was for a few secs, an actual airplane could be seen passing by,Ii took 2 pictures. Then the object just dissappeared, it did not moved away... it was as if it had turned off the lights, and dissappeared.