Psychopsis Mendenhall 'Hildos'

[Orchidgirl83]

I have a couple of questions about how to keep this baby happy and healthy as I have only had him since August 25. He is currently in a 3.5 in pot with an aircone, and small slits all around the bottom edges, he is potted in bark (there is a tiny bit of moss growing on top). The first picture is of the whole plant. He has two spikes, both are blooming now. When I got him there was one bud starting, and that one opened almost a month ago now, and the second one grew in and opened just yesterday(Oct 6). When I went to water today I noticed two things growing at the base, are these new bulbs? I was only able to get a fairly clear picture of the bigger one at the edge of the pot. Finally, when is the best time to repot this guy, as it looks like he is soon going to outgrow this one. I have read that Psychopsis can be very sulky about being repotted, and I don't want him to die on me.
Thank you in advance for your help