Terry Butcher said it was two points lost rather than a point gained following Hibernian's 1-1 draw away to Kilmarnock.
Danny Haynes scored his first goal for the club with a header to cancel out Rory McKenzie's first-half strike.
The Hibs boss felt his side should have taken more advantage of their dominance and collected all three points.
He told BBC Scotland: "We just couldn't get that second goal."
The result put Hibs level with St Johnstone as they chase a top six spot, but both goalscorers threatened to get a winner in the closing stages of the match with Haynes seeing a shot blocked by Manuel Pascali.
"I thought we did well," said Butcher. "We restricted Kilmarnock to one chance which they scored from - that was their only real decent attack in the first half.
"I thought we dominated possession but in the final third we were poor at crosses and shots. We just didn't test Sammy [Craig Samson] in the Kilmarnock goal at all.
"The second half we dominated it again I thought, possession-wise.
"I'm delighted with the way we passed the ball and played, and delighted with the midfield two Sam Stanton and Tom Taiwo who were excellent in the game.
He added: "When we got the goal I thought there's only going to be one winner here, which was us.
"We said to the lads afterwards 'what do you feel?', and they said we feel we've lost two points today because we should have gone on to win that game.
"It's another point nearer the top six that's for sure, unbeaten in two matches as Ben Williams said to me after the game. It's not bad."
The Easter Road boss was happy to see recent signing Haynes break his Hibs duck with the equaliser, and feels there's more to come from the loan signing.
"He's getting fitter and stronger," said Butcher. "He works hard for the team, holds the ball up well, he moves well, has got great pace, forces teams back and gives us good length to the game.
"With his experience he can pop up at the right time, which he did.
"He adds another dimension to our attack which is good."