Premiere elements 12 - cannot move assets past current time indicator ... why?

Cannot drag/move jpg (img 1232) past current time indicator (red) on any of the available tracks ... it does nothing ... I can only drag/move asset around before the current time indicator ... why
This would make my work useless !!! Please help!
Newly installed as iMac OSX 10.8.5
Premiere Elements 12 directly downloaded from Adobe site (purchase version)

Dave
Whatever you decide, please keep watch on how many days from date of purchase so that you do not lose any rights to 30 day money back from Adobe if you purchased from Adobe.
I had some thoughts for some areas to look into in your situation.
You have asked several time if you are using the correct project preset. I do not see that any one has responded to that question. I am assuming that your iPhone 5s is recording H.264.mov or.mp4 1920 x 1080 @ up to 30 progressive frames per second. The frame rate is probably up to 30, meaning variable frame rate. So, where is the 120 frames per second video coming from? I would manually set the project preset for
NTSC
DSLR
1080p
DSLR 1080p30@ 29.97
Details for manually setting the project preset are in the How To section of
http://www.atr935.blogspot.com/2013/04/pe11-accuracy-of-automatic-project.html
The use of video with variable frame rate has created all sorts of issues besides audio out of sync with Premiere Elements. It could be the iPhone 5S video that is creating the problems, but.... Have you taken the time to  remove selectively and sequentially types of media from the tracks to determine if such removal would then allow you to place additional media from Project Assets to Timeline wherever you want?
If you implicate the iPhone 5S video in the issue, you could take it into a program such as HandBrake and change the file's variable to constant frame rate and export it from there as 1920 x 1080 @ 29.97 progressive frames per second H.264.mp4 file. Then try it in your project.
The party line is that you cannot change the project preset once it has been set for a project. We can go into that later. By the way, if you start a new project, is the problem of placing source media where you want in the Timeline still there?
We will be watching for further developments.
ATR

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