it's safe to say the bottom has formed

$Snowflake(SNOW.US)$ yes this is a volatile stock I'm not saying you should go all in but if you look at SaaS it has taken a massive beating recently this stock used to be extremely expensive now it's changed to being just somewhat expensive you're still paying a premium but I like my odds here it does have differentiating points and some semblance of an economic moat (despite morningstar saying 0 moat) so I like it I like the business I am starting to like the stock I am aiming for it to constitute about 1% of my portfolio now you may think that's peanuts but in gross value that's quite substantial I don't take my picks lightly I have been watching this stock for at least a month I wanted to buy it earlier before the recent dip but I'm glad I didn't pull the trigger