I was outside just now, stargazing with my 10x40 binoculars, as it is an exceptionally clear and beautiful night here today. I was looking east, at Andromeda, when I spotted a moving object. It's apparent size and magnitude was about that of the stars behind. I follow it in my binoculars while it travelled towards the horizon, and in a northernly direction for maybe 30 seconds. At this point, it made a 180 degree turn, now heading up from the horizon and in a southernly direction. After another 20 seconds or so, it again made a sharp turn, now heading straight north parallell to the horizon. Now it started fading rapidly, and after a short while, maybe like 10 seconds, it was too faint for me to keep tracking it. Am I seeing a UFO Or does anyone have a more down-to-earth solution?