HTML Conundrum

Playing around with shortening my posts, making them "peekaboo." It doesn't seem to be working. I've retyped/pasted the code several times, but the "read more" link isn't showing up. Makes the page look really odd. And...well, clearly this isn't supposed to be showing up twice! although, the b:else is kinda interesting. be else what? sort of inspiring....hmmm....what else could I be? not a web designer, that's for sure.