IIRC, the flashing red means that the file the link is pointing to no 
longer exists.

On Tue, 3 May 2005, Mike Hoy wrote:

> i was cking things out in my .mozilla/firefox/user.default/ directory and i 
> noticed a flashing red "lock".
> It was a symbolic link.
> lrwxrwxrwx  1 mikeaz mikeaz     14 May  3 23:04 lock -> 127.0.0.1:5815
> but I can't figure out what it is there for and why is it a red/flashing 
> 'lock'
> i found something on the net about it, but all it said was to rm this file 
> after a browser problem a user was having. I personally am having no problems 
> at all. but am curious about it.
> mike hoy
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