I think you'd have to be nuts to short here. there are plenty of other low risk shorts. Who is going to short here when it's only 8% above the year low. Is there a chance it goes to 480 before going to 540, yes. But it's it a sound investment to short, no. The risk to the upside and possible reward is much better. I'm long though so I'm obviously biased.
You could be right. I feel that AAPL's glory days are behind it. I'm a trader so I don't care so much about fundamentals. I do what the chart tells me, day in and day out. I hope you don't get squeezed while you hold out for 540.