Since you think it was caused by bungees, you must be talking about the plastic track on a comp-tip? I don't know what to do about that (maybe heat??).
If you are talking about a pinched area of an aluminum track (which would have to be caused by a severe impact of some sort), I have repaired that. I used two peices of 1/16" x 1" x 6" harden steel and slid them in the narrow part of the track. I then hammered a wedge (screwdriver, etc) in between the metal to expand the opening (The metal spreads out the pressure and keeps the wedges from damaging the track). The mast is made from very tough aluminum, but it does give if you use enough force.
Good luck,
Jack