hmm. If it continues to bleed then we know what will happen. I have only seen this on cichlids when they eat fatty food or wayyy too much live food. Seems to almost block them up.
I wish I could give you a better answer..if you havent post in the disease section, youll get more answers. But if it bleeds or if that little sausage thing comes back out then sadly it may be bad news. Others, I forget who, responded to a thread of mine about this a few months ago...their fish lived, mine died. Good luck