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First, if you want to know why the brand is so expensive you may want to watch this demonstration of a Rolex Submariner being disassembled. The video shows intricacies involved in the making of the timepiece in exquisite detail. The demonstration is, of course, performed by a professional watchmaker, who meticulously picks apart the watch with great skill. It goes without saying, unless you've managed to get one for free, you shouldn't try this at home
What's the question? From you description of the troubles you are having I suspect that your watch may on the outside look like a Rolex, but it certainly does not behave like one. I have never had such erratic behavior even with my much cheaper, but authentic Casios.
Take a look at the second hand. Is it ticking or is it sweeping? If it's ticking, that's your fake. A Rolex second hand sweeps around in one continuous motion. But beware, as of 2005, the good fakes have caught up to this technology.
Look for the small engraved crown at the 6 o'clock mark on the crystal. Most fakes will have some sort of large, obvious version of a crown, but this mark on a real Rolex is almost impossible to spot with the naked eye.
Look for the word "Rolex" and the watch's serial number engraved at 6 o'clock under the crystal on the area between the crystal and the dial. While many fake Rolex watches post-2005 have this feature, they're usually printed, not engraved.
Most new Rolex models have an added model number engraved at the end of the watch end-link. This engraving includes the band model and two tiny Rolex crowns. Your good fakes will have something similar, but not all three indicators.
If you're being sold an authentic Rolex (in good condition and in perfect working order) for anything less than $500, become suspicious. If it's in nice shape, it doesn't really lose a lot of appreciation, and in some cases, it increases in value.
Really worth it to bring it in to GOOD watch tech center (or mail it to Rolex in NYC) - expect to spend 'bout $200 for a cleaning and adjustment. This needs to be done every 5 years or so - the price of owning a fine mechanical watch.
Drop into any Rolex retailer for help with using the buttons.....