In Teamcenter you can use functions as Cut , Copy and Paste. However, these options only affect the respective shortcut to an item.
Your home directory is only a view of items inside the data base. What's displayed are only shortcuts to different Items. Hence, you can only edit those shortcuts with Cut , Copy and Paste.
For example, Copy only copies the shortcut to a different folder in your teamcenter directory.
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As a consequence, if you cut an Item with Cut, and don't paste it again, only the shortcut gets lost, the actual file still remains in the data base.