Right on. I've gone the gamut with all the settings in the article, menu, blog, list and other options.
For some reason the code is being stripped from the article when it's rendered out.
Ex:
http://cglenjames.com/index.php/resume
About half way down the page, I entered "-READMORE" just before the readmore tag.
Inside the article, the html is such:<p> </p>
-READMORE<hr id="system-readmore" />
<p> </p>
If you go the the page, there is no such animal.