I don't think the white thing is a mealy bug. I know that I knew what it is at one point, but can't seem to remember. I think It's the cocoon of some sort of moth.You can just take it off.
In the first picture there is something that bothers me more than the spots. The photo is a little small, but does anyone else see those little brown blobs along the middle vein? Looks possibly like scale.
As for the buds dropping, it might be bud blast since you recently got the plant. Sometimes the change in conditions your home and the store, or even the traveling in between, will shock buds on orchids and they fall off. I really hate when they do that, it's so frustrating!
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Camille
Completely orchid obsessed and loving every minute of it....
My Orchid Photos
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