This does not sound like skin cancer. Moles there that long don't usually cause trouble. The red spot may be a little speck of blood caused by some minor trauma that you don't remember. I suggest you leave it alone and show it to your doctor next time you go.
Take care.
Dr. Rockoff
i had a mole on my leg, brown, and everywhere else it was normal, it had hair through it, and a little darker speck in it, where the hair was coming out. the doc didnt think much of it.
i think that there are normal variations to all moles, some normal looking ones can be atypical and some that dont look like the normal ones can be fine. it depends on how they look under the microscope.
is this correct doc?