The properties of low frequency dynamics of electrostatic fluctuations
in strongly magnetized plasmas have been studied, with particular att
ention to localization of the fluctuation amplitudes. A model based on
a few isolated vortical structures is analyzed, with particular atten
tion to vortex collapse, where three vortices merge together within a
finite time, or to the converse process, i.e. a vortex explosion. Deta
ils of these particular types of vortex dynamics depend on the actual
model used for describing the electrons, the presence of a Debye shiel
ding in particular. For shielded vortices a ''boomerang''-type of inte
raction is found.