My Read More doesn’t work

Hi all!

I’m wondering why my “Read More” tag is being ignored in my WP theme. The entire post is displayed. I can’t see why…

Here’s the page in question:

https://ediehats.com/home-test

Here is my code around the post:

<?php query_posts('cat=1&showposts=1'); ?>
		<?php if (have_posts()) : ?>
		<?php while (have_posts()) : the_post(); ?>

			<div class="post" id="post-<?php the_ID(); ?>">

<h2><a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title_attribute(); ?>"><?php the_title(); ?></a></h2>

<small><em>Posted on <?php the_time('F jS, Y') ?> by <?php the_author_posts_link();?>. <a href="https://www.ediehats.com/archives/author/<?php the_author(); ?>/feed">Subscribe to this author's posts.</a></em></small>

<div class="entry">
<?php the_content('Read the rest of this article','','')><a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title_attribute(); ?>">Read More</a>
				</div>

			</div>

		<?php endwhile; ?>

When I had it as simply “the_excerpt”, I get the first 55 words as expected. But changing it to “the_content” I get the entire thing, no matter what.

Am I just missing something obvious? I’ve never had this problem before…

Many thanks!
Adam