Weird Spike Thing?

[sparklegirl46]

Hi, all - I am relatively new to keeping orchids. I have this lovely pink phal (small one, not a mini, but not full size) that was in bloom when I bought it in April. It had two spikes at the time.

Now it has two spikes again, but also has a third one coming in underneath one of the other spikes. I hope you can see it in the picture.

I'm not sure if this is a good thing or a bad, but I am puzzled by this.

Any thoughts?