Friend recommendation: DUG

A friend recommended DUG to me today. I would like to know what you people think about it. In my opinion this is a stock that can easily go from $29 where it is now to $35 and even $40.

Read some more details below.

DUG: UltraShort Oil & Gas ProShares

28.73 - 29.81
Today's Range
58.77/8/17/07
52wk High/Date
28.73/5/14/08
52wk Low/Date

$908.1M/3/31/08
Total Net
Assets/Date
--/5/13/08
Net Asset
Value/Date
1.6 Billion
Market
Capitalization

--
Total Expense Ratio
1.03%
Dividend Yield
1/30/2007
Inception Date

0.0762 (3/31/08)
Declared QRTR Div
1.03%
Yield
3/25/2008
Ex-Date

Strategy for UltraShort Oil & Gas ProShares
The Fund seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Oil & Gas Index.