How long ago did the other fish die, within the last week or over a few months?
Does the pink lump stick out on both sides of the tail?
We had another member on here with a guppy that had a black patch on its tail and that was something new. I am wondering if this is something similar to the guppy. The following link has the thread on the guppy if you're interested.
http://www.fishforums.net/threads/black-scab-on-male-guppy-tail-fin.447941/
I don't think they are the same thing but it is interesting that both fish are livebearers and both had weird lumps on the tail.
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Are the Endlers wild caught or captive bred?
Wild caught fish can have some weird diseases that haven't been described, and captive bred in Asia can have all sorts of horrible things. However, this is something I have not seen before. It could be like a blister, cyst, blood clot or tumor.
I would monitor it for a few days and if it doesn't get smaller or go completely, I would probably stick a needle in the pink lump and see what comes out. You would have to take the fish out of the tank and lay it on a wet towel to do this and it will stress the fish, but it might give some insight as to what the problem is. If red liquid comes out it is blood. If clear liquid comes out it is a cyst or white blood cells from a blister. If it is hard and solid it is a tumour, but they don't grow rapidly.
If you do stick a needle in it, sterilise the needle first by putting it in some fish medication or flaming the needle. And if you have a microscope you could put any liquid that comes out of the lump, on a slide and look at it under the microscope to see if there is anything moving in the liquid.
After sticking a needle in the pink lump you should apply a drop of methylene blue or a broad spectrum fish medication on the wound, then wait 20 seconds before putting the fish back in the tank. Then monitor the site and make sure it doesn't get infected.
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If you contact your local Department of Agriculture, you can ask them if they have a Fish Health section/ department. If they do you could take the fish to them and see what they think, but they might want to kill the fish to take samples. I usually save Fish Health labs until the fish is on its last legs and about to die then get them to autopsy it. A fish vet can do the same thing but government run Fish Health labs are usually free. You will have to check with them about prices before taking the fish in.