HTML Editor wipes out all my style info on my update page...???

I'm using the HTML Editor plugin. I'm building the pages within the design and code view combined and sometimes I just build the code in DW and then copy it into code view.

When I do that it works just fine and loads the page fine and everything, but then when I come back to update that value (the HTML editor has an initial value of the current DB value) it winds up wiping out all of my style information I provided and breaks it all.

For example, if I add the following into a tag...

<p style="color:F00;">Whatever here</p>

And update it that works just fine. Then when I come back to this same update page again the font is no longer red and when I look at source view this is what it shows...

<p style="">Whatever here</p>

What gives!? It's driving me crazy. Any information on why this is happening would be greatly appreciated. Thanks!