Nope still got some juice left, so your still in the running. Make sure you put it in a small pot, these type of plants like to have cramped roots. When you put the bark around it make sure that it doesn't go past the last leaf you cut off, you'll have to put a stake in the pot to help stabilise it, they don't like wiggling around. Check this out How to Repot a Phalaenopsis Orchid | River Valley Orchidworks
Hope everything goes well. Btw sorry that you got jipped on the "blue" phal, guess you'll have to chalk it up as a learning experience.