You have a new pbulb growing! Yay! Okay, now is when it is critical for your Catt. The new lead is susceptible to invasion by pests. Make sure you don't have any slugs, cockroaches, snails, or ants.
By the other photos and the thread, I assume this is the orchid that you got from Ken. It looks like a unifoliate Cattleya so you need to let that lead (pbulb) continue to grow until you see nice big roots coming out from the bottom of that pbulb. Only then is it the optimum time to repot (if needed). Sometimes that will take some time (months).
Also, it is time to feed it as it is setting the bloom for late summer/fall. I like to use the Better Gro (urea free) bloom booster once a week at 1/2 strength from the label + a tbsp per gallon of Epsom Salts every 3rd feeding (for Magnesium) + Kelp fertilizer (1-1-1) every 2nd feeding, but it depends on your inside growing condition. It also needs some bright light (not direct) in order for the bloom to set. Mine are getting 6 hours of indirect sun and 1 hour of really bright indirect hot sun (as the sun sets). BUT, don't increase the sun suddenly. It needs to be gradual so that you don't burn the leaves or stress the plant.
Good luck! If all goes well, you will have blooms by late summer/early fall!
