Not real sure what that is, but after seeing a presentation on plant diseases, I would guess it's a bacteria. No, it's not "wet"...not a bacteria.....but probably something bad.
Sorry to say, I would yank it out and dispose of it.
Try contacting this man....
Robert Cating
Grad research Asst, Diseases of Orchids
Plant Pathology Dept, UF
Plantmd@ufl.edu
He gave a great talk on orchid diseases at Jackosnville Orchid Society and is very knowledgeable re: plant diseases!
Margie