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Ponting: We deserved to lose but will bounce back

AUSTRALIA captain Ricky Ponting insisted his side still had one hand on the Ashes despite yesterday&rsquo;s second Test defeat at Lord&rsquo;s.<br /><br />Ponting vowed not to overreact to a 115-run loss that came just seven days after the tourists roundly outplayed England in the drawn first Test in Cardiff.<br /><br />And with his side trailing 1-0 and three matches still to play, the skipper stressed there was ample time to turn series on its head.<br /><br />&ldquo;One Test match doesn&rsquo;t make a summer. We&rsquo;re 1-0 down but there is time to bounce back. There are three Tests to go,&rdquo; said Ponting.<br /><br />&ldquo;It is nothing to do with Cardiff. England played pretty well. There is no hangover from Cardiff when we played so well.<br /><br />&ldquo;It was only last week we were jumping about how well we played. A week in sport can be a long time. There are lots of little things to look at and we have to rectify those things.&rdquo;<br /><br />Ponting conceded England had deserved to win a match that they dominated from the outset. <br /><br />He added: &ldquo;England have been the better side from the first ball, and not only in the big moments. We&rsquo;ve been outplayed from the first morning. We&rsquo;ve been chasing our tails.<br /><br />&ldquo;We had our chances with the bat on day two but we came up short. I&rsquo;m pretty proud how we stuck at it and to get over 400 runs is a good effort. We just have to bounce back now.&rdquo;