Harry Redknapp felt the opportunity was there to take something from Anfield on Wednesday night - he left disappointed after our 2-0 defeat.
Dirk Kuyt gave the home side the perfect start with the opening goal after six minutes of a key match in the Barclays Premier League.
Neither side really threatened again in a cagey first half but that all changed as it opened up after the break.
Jermain Defoe had the ball in the net three minutes into the half after dispossessing Pepe Reina and slotting home - it's still not clear why it was chalked off - while Reina did well to tip over Jermaine Jenas' stinger during our best spell.
As we pushed forward, gaps opened up and Liverpool had chances before Sebastien Bassong fouled David Ngog and Kuyt converted a twice-taken penalty in injury time.
"When you come to Liverpool and they are missing Gerrard, Benayoun, Johnson and Torres, you won't get a better opportunity, but we didn't take it," said Harry.
"We got off to a bad start and that early goal gave them a lift. They worked their socks off, closed us down, pressed us and played with great enthusiasm.
"We like to play, but they wouldn't allow us to play. We had a decent spell at the start of the second half, we could have scored but overall we were disappointing.
"We missed Aaron Lennon, he's the one player with the pace to go at people and open teams up and we lacked that little bit of spark and pace.
"We have been on a good run, losing one game does not mean you are out of it and it is all to play for still. It is really open."
As for the 'goal' that wasn't, Harry was as mystified as everyone else. "I'm not sure why it was disallowed," he said.