What's wrong with my part-moving loop?

I want my part(which is the parent) to move up and down infinitely. Why isn't it moving? Am I supposed to use CFrame or ..?

Pos = script.Parent.Position.Y

while wait(.1) do
	Pos = Pos + .05
	wait(.1)
	Pos = Pos + .1
	wait(.1)
	Pos = Pos + .1
	wait(.1)
	Pos = Pos + .1
	wait(.1)
	Pos = Pos + .1
	wait(.1)
	Pos = Pos + .1
	wait(.1)
	Pos = Pos + .1
	wait(.1)
	Pos = Pos + .1
	wait(.1)
	Pos = Pos + .1
	wait(.1)
	Pos = Pos + .05
	wait(.1) -------------------------------------------------
	Pos = Pos - .05
	wait(.1)
	Pos = Pos - .1
	wait(.1)
	Pos = Pos - .1
	wait(.1)
	Pos = Pos - .1
	wait(.1)
	Pos = Pos - .1
	wait(.1)
	Pos = Pos - .1
	wait(.1)
	Pos = Pos - .1
	wait(.1)
	Pos = Pos - .1
	wait(.1)
	Pos = Pos - .1
	wait(.1)
	Pos = Pos - .05
end

1. You cannot set X, Y and Z independently in the way that you have.
2. You shouldn't set a variable to an instance's property directly, since the variable will become what the property's current value is rather than pointing to it.
3. You could shrink the size of your code by using for loops.

So, if you wanted a part to move up and down by 0.9 studs you could do:

while wait(0.1) do
	for i = 1, 9 do
		wait(0.1)
		script.Parent.Position = script.Parent.Position + Vector3.new(0, 0.1, 0)
	end
	for i = 1,9 do
		wait(0.1)
		script.Parent.Position = script.Parent.Position - Vector3.new(0, 0.1, 0)
	end
end

Your assignment in line 1,

Pos = script.Parent.Position.Y

does not somehow link your value of Pos to the position you are referring to. script.Parent.Position.Y is just a number so your Pos is just a name for a number.

Modifying Pos in no way modifies script.Parent.Position.Y.

You need to explicitly set the position somewhere.

I would highly recommend using loops to do those repetitive motions, rather than copying and pasting the line over and over.

while wait(.1) do
	-- Up
	local startPos = script.Parent.Position;
	for y = 0, 1, .1 do
		script.Parent.Position = startPos + Vector3.new(0, y, 0);
		wait(.1);
	end
	-- Down
	for y = 1, 0, -.1 do
		script.Parent.Position = startPos + Vector3.new(0, y, 0);
		wait(.1);
	end
end

EDIT:

It would be better to use CFrame because of some quirks with objects interacting when you just set position, though both will work most of the time.

It could look like this:

while wait(.1) do
	-- Up
	local startCFrame = script.Parent.CFrame;
	for y = 0, 1, .1 do
		script.Parent.CFrame= startCFrame + Vector3.new(0, y, 0);
		wait(.1);
	end
	-- Down
	for y = 1, 0, -.1 do
		script.Parent.CFrame = startCFrame + Vector3.new(0, y, 0);
		wait(.1);
	end
end