Long Description of Sighting Report

At approximately 1 AM, my mother and I (who had been watching the skies for any signs) saw what appeared to be a star, only much brighter. It was hanging low in the south and made no noticeable moves. With binoculars, we could see it distinctly blinking blue to red to yellow/white. By 4 AM it had moved higher and more to the east, and by 530 AM it was no longer visible. If anyone else saw this, email me at megaboox@yahoo.com