This sounds like it could be a star, but the report does state:
Observable celestial phenomena or planets that may account
for the sighting: None
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Summary of Sightings of Unknown Aerial Phenomena, Reported
by the 17th District Office of Special Investigations, Kirtland AFB,
New Mexico.
January 13, 1950, Holloman AFB, NM, OSI Case 166
PFC John M. Gusich, Holloman AFB, observed a bright
white object that changed color to red and green in northern sky.
Object moved erratically up and down.
Observable celestial phenomena or planets that may account
for the sighting: None
Reference made to OSI case 160, January 6, 1950,
Alamogordo, 2230 hours, by same observer.
Page ID (PID) : MAXW-PBB7-1145
Collection : Maxwell Blue Book
Roll Description : Project Blue Book Roll 7
Collection : Maxwell Blue Book
Roll Description : Project Blue Book Roll 7
Frames 1145 - 1148
