Apparently there is a changing view on red lights:
Many Fish Emit Red Light... : Zooillogix
Nico Michiels, a researcher at the University of Tubingen in Germany and his team have discovered 32 different species of reef fish who emit flourescent red light.
Their research has found that the fishes' skin contains guanine crystals which causes the flourescence. Michels is speculating that the glowing red colors may be used for advanced communication between and among fish species. His next task will be to prove that fish do indeed see light on the red spectrum, which appears more and more likely.
Here's a lure that flashes red:
http://www.ngcsports.com/moreinfo/ne...FVk65QoddSFBZA
(search Google for fish and red light)