It is really your choice to cut the spike now or later on. I have done both and it doesn't appear to make too much of a difference with Dendrobiums. If you cut the spike now, while it is still green, the plant may get a slight jump on producing new roots and growth, but it may not make a difference because sometimes orchids just seem to do what they want. I usually cut them after the last flower goes, unless I am just really busy and lazy and then I just cut it when I get a chance. Just don't accidentally cut the plant/cane. Good luck!
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