Colchester United manager Tony Humes still believes that his side can avoid relegation to League Two, despite a damaging defeat to Notts County last night.
Paddy McCourt scored the winner for the visitors midway through the second-half.
The result leaves Colchester two points from safety with 12 games remaining.
"The players are good enough to keep the club in League One, they've shown that on so many occasions this season.
But the home form has been an issue for the last couple of years and we haven't resolved it.
We have to be better and braver than that and the players are massively disappointed, as you would expect."
He was one of Colchester United's greatest ever players and Peter Wright has been remembered in style with the unveiling of a 6 foot bronze statue in the town.
Voted player of the century in 2000, his widow said he would've been "chuffed" at being honoured in this way.
Click below to watch a report from ITV News Anglia's Serena Sandhu
Colchester United have signed experienced striker Chris Porter on a free transfer.
Sheffield United agreed to cancel the 31-year-old's contract at Bramall Lane so that he could make the switch to Essex.
Porter has signed an 18-month deal with the U's, and will help to fill the void left by Freddie Sears who joined Ipswich Town last week.
Sears scored his first goal for Town in last night's 3-2 defat to Brighton and Hove Albion.
Colchester have also signed Millwall left-back Matthew Briggs on loan until the end of the seaon.
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Birmingham City defender Will Packwood has had his loan spell cut short with Colchester United, after managing to play just 67 minutes for the League One club.
The 21-year-old had a nightmare debut for the U's in a 6-0 defeat to MK Dons, picking up an injury and receiving a red card when he hauled down Dons striker Benik Afobe last month.
“He’s gone back to Birmingham and they’re monitoring his progress. Unfortunately, it looks unlikely that he’ll be fit for two or three weeks.
To have the sending off and the red card was very unfortunate for Will. The game at MK Dons was a tough one for everyone and Will didn’t get much help from those around him.”
There was late drama in second round of the FA Cup as Colchester and Peterborough met this afternoon.
A tight game came to life in the 88th minute, when Sanchez Watt fouled Michael Bostwick to give Peterborough a penalty - but Aaron McLean's spot kick was saved by Colchester keeper Sam Walker.
And with just two minutes of injury time left, Colchester's George Moncur won it for the U's, to book their place in the third round draw.
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Colchester United striker Dan Holman has joined Conference side Aldershot Town on a month's loan.
The 24-year-old signed for the U's in the summer, but has hardly featured.
He has recently returned from a similar loan spell at Wrexham where he was restricted to limited game time.
"We're hoping that Dan will be able to get some minutes on the pitch this time.
He went to Wrexham, but only played 35 minutes so he's still not where we need him to be where match fitness is concerned.
He'll now go to Aldershot and will see where it goes from there."
Colchester United striker Jabo Ibehre has joined League One rivals Oldham Athletic on loan until January.
The 31-year-old hasn't featured for the U's since August.
Former MK Dons man Ibehre could make his debut for the Latics against Walsall this weekend.
Ipswich Town defender Elliott Hewitt has joined League One side Colchester United on a month's loan.
The Welshman has struggled to make an impact at Portman Road this season, and will be aiming to get minutes under his belt in Essex.
The full-back spent time on loan at Gillingham last season, and could make his debut for the U's against the Gills in tomorrow night's Johnstone's Paint Trophy clash between the two sides.
Hewitt is Colchester's second new arrival of the day following the capture of free agent David Fox.
"We're pleased to have Elliott join up with us on loan.
He's a good young player who will help us move forward in the next month."