Man Has Daytime Sighting of Bright Gray Cigar Object Flying Over Ocean

Date of Sighting: December 25, 2005
Time of Sighting: 11:35 AM EST
Duration of Sighting: 10 Seconds
Date Reported: December 26, 2005
Location of Sighting: Jacksonville, Florida (Northern East Coast of Florida. Witness Was 15 Miles Inland & Saw Object East Over Ocean)
Latitude: 30.167 Degrees N
Longitude: 81.675 Degrees W
Number of Witnesses: One
Weather: Clear Skies.

Description (In Witness's Own Words): I was in my
back yard in the Mandarin section of Jacksonville. I saw This cigar shaped object was a bright gray and had a very bright pulsating red light which would appear to be about 1/3 the size of the object.
It was moving from N to S, then stopped for about 5 seconds, moved down at a 45 degree angle backwards, then moved level for about 5 seconds then zoomed off and disappeared.  I know it wasn't a plane because it both moved backwards, hovered and I could see that bright red light even though it was a very sunny day, bright blue sky and no clouds at the time. 

Investigator's Notes: This object certainly did not behave like any conventional aircraft given that it moved back and forth and then disappeared.  I have no explanation for this sighting. A similar shaped object was sighted in St. Petersburg, Florida on December 19, 2005 (see report).