Hi,
When I go in and edit a published post and then save, the 'Read more' bar is not cutting off content to only show intro on my homepage. I actually have to go back into the post, delete the current 'read more' and add in a new one for it to work.
You can see an example in the 2nd line of posts on this page:
http://www.kcedventures.com/blog/tags/back-to-school