"We are freezing, without doubt, and one or two players are like rabbits in the headlights," said the manager. "At the moment. I don't think we're playing our natural game. I don't think we're brave enough.
"We're not on the front foot. We're not making the angles and the passes.
"We're still standing back and admiring and we're not getting close enough to kick people and put pressure on people."
But Davies refused to criticise individuals.
"We win together and we lose together," he said. "I don't blame any particular section or person in this club but we can't keep making the costly individual errors we're making.
"That's the disappointment and there's no hiding from that. The facts are the facts.
"I'm not angry with the players. I'm disappointed with the manner in which they lost it, but I certainly won't criticise any individual."