My husband, mother and I were in Cold Spring, NY for the 4th of July fireworks. After the fireworks while in the municipal parking lot we looked at the stars in the sky and their constellations. We noticed one bright "star" that was not like the others. The glowing object was orange in color and moved north slowly over West Point Military Academy. At one point it remained stationary. Several times it emitted smaller glowing lights from its rear/bottom that appeared to fall down and disappear. The object disappeared and reappeared several times. After 8-10 minutes we did not see it reappear and decided to leave to go home.