"Reverse your thinking

The key to the wash-sale rules is that there has to be a 30-day period between when you sell shares and buy the same shares. But the rules don't specify that you have to sell before you buy. So to stay invested in a stock, buy "back" your shares first. Then, after 30 days, you can sell your original shares, leaving yourself with the same number of shares you started with.

Using this strategy means that instead of having no shares for 30 days, you'll have twice as many shares as you originally bought. So if the price goes up, you won't just make money -- you'll make double the money

. Of course, if you're wrong about a potential rebound and the stock keeps going down over that 30-day period, you'll have doubled your losses."

http://www.fool.com/personal-finance/taxes/2008/10/24/cut-your-taxes-without-selling-low.aspx