I think this is a start of a new pseudobulb on my Inter-generic Cattleya Hausermann's Gala x Hausermann's Jade 'Lake View' but I'm not really sure. I found it peaking out at me just this morning. It's a different eye than I was watching and started to swell on the opposite side of the last growing season pseudobulb. (I didn't know orchids growths had a stealth mode
)
