oncidium colmanara wildcat not spiking

[mickie09]

So I bought an oncidium colmanara wildcat from Lowes about 5 or so months ago. It appears to be in a bark and moss mix in a pot with no ventilation holes. Within a month of bringing it home all of the unopened buds dried up. Also all open blooms dried up and fell off. The spikes on wildcats as I understand it will not produce new flowers like phalanx will, and that too dried up so I cut it down. A new psoudobulb has grown in and I can see new healthy roots also, leaves look very healthy, and the original bulb looks a.bit wrinkled but not too bad. Considering how many months its been, I'm concerned something is wrong as the orchid has not begun to grow a new spike at all. I water when mix feels dry..about once every 10-14 days and gets bright light, I also mist everyday. I feed every other watering. What am I doing wrong here!? Orchid has been dormant for so long! I thought I would have seen new spike/buds by now. Pics coming soon, thanks for any help