Hi John Mussomele,
According to the Harvard Health Publications, "bloody semen is almost never a sign of a serious underlying medical problem." You can read the entire article here. Dr Jay Motola also wrote an article in answer to a member's question about bloody semen. You can read that article here.
Dr Motola does mention that there are concerns when other conditions are present. "A recent study has demonstrated an increased risk of prostate cancer in men with hematospermia. Obviously a rectal examination needs to be performed, and depending on your family history and age, a PSA determination."
There have also been users here who experienced similar issues. One of them was Paul Durham. His posting can be read here. There were some comments with more information that you might be interested in.
I hope this helps. Stay in touch and let us know how you are doing!Vicki M