Is that a spike? I would only imagine it is, because its completely different from what an immature psuedobulb looks like, it also has the sheathed look that spikes usually have, from the few orchids i've seen flower. Im really new to orchids, but i guess i have somewhat of a greenthumb, as i dont kill much. Anyways i guess since this is a spring bloomer, its getting ready to put out that flower in spring? i thought it was a fall and spring bloomer, but from what that huge orchid website says, its spring.
Thanks for letting me know, and check out my gallery, i just got a camera and posted what few nicely potted plants i have. I got alot of pots that im about to drill drainage holes in this week, and will repot alot. So check back.