Ok, here is where the difference is. In the old issue, when I go to save the watermarked file in PS, I click; file, save or save as, and a window pops up for me to save the file. That window is always the folder where the originals were. I just had to select it and be done. In the new one, that could be any previous folder that I have been in. I then have to find the folder again and save it there.